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Friday, October 30, 2020  Spokane, Washington  Est. May 19, 1883
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Retail sales fall 0.5% in February, biggest drop since 2018

Retail sales fell 0.5% in February, the largest drop in more than a year, indicating that the consumer sector was slowing even before the coronavirus struck with force in the United States. Economists said they were looking for even weaker numbers in coming months.

Target sees highly competitive holiday on the way

A cautious outlook on the crucial holiday season overshadowed progress Target made in bringing more customers to its stores, pulling its shares down sharply. The shares of other retailers fell as well, even though overall economic figures show people still spending.

U.S. retail sales fall for a 2nd month as consumers pull back

Americans curtailed their shopping in June, with less spending at restaurants, department stores and gasoline stations. The spending pullback came despite a healthy job market and suggests that economic growth may remain sluggish.

It’s back to steady for U.S. economy as retail sales, CPI rise

The U.S. economy is back on track for steady growth, though not much more. Data released Friday showed consumer retail purchases rose last month, albeit less than forecast, after a March gain that was revised from a decline, indicating the early-2017 slowdown was transitory. The consumer-price index stabilized in April following the first drop in a year, though a gauge excluding food and energy posted the smallest year-over-year increase since October 2015.