Retail sales slump as consumer spending falters

U.S. retail sales unexpectedly contracted in a sharp setback for the American economy, according to a report from Investing.com published Friday. The latest figures show retail sales dropping 0.6 percent, a stark reversal that underscores faltering consumer spending—the primary engine of economic growth. Analysts had projected a modest 0.1 percent increase, while the prior month […]

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