Most Active Stories
- Cellphone Service Down For Thousands, But Regulators May Never Know Why
- Jewish Federation of Greater Chattanooga Hosts Enthusiastic Visitors
- Start It Up Episode 33: New Private Equity Firm Seeks Acquisitions
- Arthur Golden (Finally!) Has A New Novel Coming Out. Here's What He Told WUTC.
- Start It Up Episode 32: Angel Summit To Bring Investors to Chattanooga
Consumers Cut Back, Sales Reports Show
Originally published on Fri April 12, 2013 10:55 am
DAVID GREENE, HOST:
NPR's business news starts with less shopping.
(SOUNDBITE OF MUSIC)
GREENE: Higher taxes and slow hiring cut into consumer purchasing last month. That's what analysts say is behind a disappointing March retail sales report. Today, the Commerce Department reported .4 percent drop - that's the biggest drop in nine months. Consumers cut back at auto dealers and at gas stations. They also bought less from department and grocery stores, and they bought fewer electronics and sporting goods. Transcript provided by NPR, Copyright NPR.