July 16, 2012 at 10:17 AM EDT
U.S. retail sales fall for third straight month
U.S. retail sales fall in June for the third straight month as consumers cut spending on most goods and services, signaling much softer economic growth in the second quarter. Retail sales slumped a seasonally adjusted 0.5% in June following a 0.2% decline in May and a 0.5% drop in April.
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