The 1.1 percent decrease follows a 0.3 gain in February that was higher than expected. Auto dealers, restaurants and electronic stores led the slide. The indicators point to lower consumer spending in the second quarter and signal the recession will continue. Federal Reserve Chairman Ben Bernanke says there are signs that the sharp decline in the country’s economy is slowing, and this indicates a potential first step to recovery. Another government report from the Labor Department shows prices paid to US producers fell unexpectedly fell last month after two months of gains.”]
Source: https://www.cuinfosecurity.com/national-retail-sales-drop-job-losses-rise-a-1377