March Retail Sales Drop 1.1%

[Stay on top of transportation news: .]

Retail sales fell 1.1% in March, the Commerce Department said Tuesday.

The decline followed a 0.3% increase in February that contrasted with the 0.1% downturn originally reported.

The downturn was less than the 0.3% increase that had been forecasted by economists, Bloomberg reported.

Automobiles, electronics and restaurants led the decline, Bloomberg said. Auto sales fell 2.3% following a 4% decline in February.

Almost all trucking operations depend on the health of retail sales because such sales involve nearly every type of cargo.



Ìý

Trending

Newsletter Signup

Subscribe to Transport Topics

 

Hot Topics