Retail sales fall for a second straight month as auto sales tumble
US retail sales fell for a second straight month and more than expected in March, according to the Commerce Department.
Sales fell 0.2%, led by a decline in the auto industry. Economists had forecast that retail sales fell by 0.1% month-on-month in March, according to Bloomberg.
"The downturn in auto sales is going to be a headwind for retail in general," said Jim Baird, the chief investment officer at Plante Moran Financial Advisors.
The Big Three automakers reported worse
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