• Wed. Apr 24th, 2024

Retail Sales Fall for Second-Consecutive Month

Bynewsmagzines

Apr 24, 2023
Retail Sales Fall for Second-Consecutive Month

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Retail sales fell for the second consecutive month in March, as consumers continued to shy away from both large and discretionary purchases in the face of higher interest rates and rising debt levels. Overall, retail sales declined by 1% month over month, dropping the annual growth in retail sales to just 2.9%, the lowest level recorded since the depths of the pandemic.

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