World News

US Retail Sales Decline

U.S. retail sales declined in March, the second drop in three months.

Friday's report from the Commerce Department says sales were off four-tenths of a percent.

Economists watch retail sales closely because consumer demand drives most U.S. economic activity.

Sales may be off because a tax increase reduced consumers disposable income.

A separate report says wholesale prices dropped six-tenths of a percent in March as fuel prices eased.

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People watch the 14th Annual Chinatown Lunar New Year Parade, New York, Feb. 17, 2013.

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