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Sharp June drop in retail shows economy's weak spots
Washington AP reports weaker consumer spending in June with a 0.9 percent retail sales drop, led by autos, furniture, and building supplies. The decline follows a May surge and signals cautious spending amid higher prices and housing weakness. Analysts expect slower growth in the second half as housing recovery stalls.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Mark Zandi
Moody's
Economy.com
BBC Cash Index
University of Michigan/ Reuters
Wall Street
Standard & Poor
Tober
David Wyss
Standard & Poor's
New York
U.S
Detroit Con
Wal-Mart