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Reagan says economy flat as April retail sales dip
U S economy shows signs of slackness after auto rebate end and a 1 percent fall in April retail sales. Excluding autos, sales rose 0.9 percent, while economists warn consumer spending may slow further and inflation erodes gains. Analysts note Easter timing and prior controls affected year ago figures.
MENTIONED IN THIS ARTICLE
Washington
U.S
Reagan
Commerce Department
Elizabeth Allison
Data Resources Inc
Lexington
Mass