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U.S. retail sales decline for third straight month in February

Reuters  |  WASHINGTON, March 14 

WASHINGTON, March 14 (Reuters) - U.S. retail sales fell for a third straight month in February as households cut back on purchases of motor vehicles and other big-ticket items, pointing to a slowdown in economic growth in the first quarter.The Commerce Department said on Wednesday that retail sales slipped 0.1 percent last month. January data was revised to show sales dipping 0.1 percent instead of falling 0.3 percent as previously reported. It was the first time since April 2012 that retail sales have declined for three straight month.Economists polled by Reuters had forecast retail sales ...

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First Published: Wed, March 14 2018. 18:14 IST