Tag Archives: retail

Consumer Spending Falters as Economic Momentum Wanes; Retail Sales Remain Well Ahead of Last Year

July 18, 2012 Consumers’ contribution to economic growth shows signs of slowing as retail sales dipped for the third consecutive month, a surprising trend that has not occurred in nearly four years. Core retail sales remain at healthy levels, 8 percent higher than their pre-recession peak, but the pattern of monthly declines implies a growing […]