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YIKES: RETAIL SALES UNEXPECTEDLY SINK

Sam RoApr 12, 2013, 18:00 IST

TheRealMichaelMoore / FlickrThe March retail sales report is out.

The headline number fell by 0.4%. Economists expected sales to be unchanged from a month ago.

Excluding autos and gas, sales fell 0.1%. Economists were looking for a gain of 0.3%.

All around, these are ugly numbers.

Personal consumption is by far the largest component of GDP.