U.S. retail sales slide, consumers lose confidence

04/14/2013 | U.S. News & World Report

What was previously documented as increased U.S. consumer spending in the first three months of the year was revised as a sharp falloff in March. The new indicators are in line with economists' projections after a tax increase hit most households at the beginning of the year. Meanwhile, a survey of consumer confidence reveals a markedly gloomier outlook.

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