Retail sales dropped during week
Published: April 22, 2008 at 9:07 AM
The increase follows a 0.9 percent increase for the week ending April 12.
On a year-over-year basis sales during the week grew by 1.4 percent.
Retail spending is up against "headwinds from rising gasoline prices further weakening discretionary purchasing power," the report said.
Gasoline prices during the week were 22.3 percent higher than a year ago, and 12 cents per gallon higher than a week ago, the report said.
© 2008 United Press International. All Rights Reserved.
This material may not be reproduced, redistributed, or manipulated in any form.
This material may not be reproduced, redistributed, or manipulated in any form.
» Next in Business:
Tainted heparin found overseas
Latest Headlines
Most Popular