Tuesday, July 16, 2013

Signs of economy weakening

The economy seems to be weaker than many economist thought. In June, Americans bought more cars, trucks, furniture, and clothes. However, they spent less at restaurants, on electronics, and home improvement. Core retail sales rose just .15 percent in June, the smallest rise since January. Core sales ( building supplies, gasoline, and autos ) are considered the "driver" of economic growth. This slow down in June could mean this quarter will trail the growth of the last quarter which was at 1.8%. 

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