Retail sales decline, lower gas prices may be to blame

Friday, April 12, 2013 - 9:46am

Retail sales fell in March.and lower gasoline prices may be partly to blame. According to a report from the Census Bureau, retail sales were down zero-point-four-percent last month.

Economists were expecting sales to be unchanged from February. Spending at the gasoline pumps dropped more than two percent and Americans also spent less at department stores and on electronics, appliances and motor vehicle goods.

The report could be tied to the lackluster job market. Hiring slowed in March and 500-thousand people dropped out of the labor force, according to the Labor Department.


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