Weak U.S. retail sales point to slowing economy

WASHINGTON - U.S. retail sales unexpectedly fell in April as households cut back on purchases of motor vehicles and a range of other goods, pointing to a slowdown in economic growth after a temporary boost from exports and inventories in the first quarter.

Economists have warned the trade tensions could undercut growth. Following the retail sales report, some economists trimmed their second-quarter growth estimates. They were previously reported to have soared 1.0% in March. Consumer spending accounts for more than two-thirds of economic activity. While March’s strong core retail sales set consumer spending on an upward trajectory in the second quarter, last month’s weakness suggested the pickup in consumption could be moderate.

OMG

Très belle voiture

Just a matter of time will hit Recession!

Good bye Mr. Trump. Reality will Trump Bullshit.

It’s about time. Simple cycle that regularly occurs.

Slowing economy? FAKENEWS Alert🚨 Disinformation from the pros.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Uber’s High-Profile IPO Upsets With Weak DebutUber skidded into the public markets, falling 7.6% below the ride-hailing giant’s already conservative offering price in a bleak debut for the nation’s most valuable startup. Did you expect anything else. Turn a profit first bud. Guess a lot of people are beginning to think like I have since the birth of Uber - - - who wants to catch a ride with a potential serial killer? Uber can kiss my ass.
Source: WSJ - 🏆 98. / 63 Read more »