Most Active Stories
- Saratoga County Sheriff's Sgt. Resigns, Charged With Misconduct After Video Goes Viral
- Pittsfield's 3rd Thursdays Undergoes Changes For 2015 Season
- Donation Of Historic Amusement Park May Be Brought To Referendum
- Maloney: de Blasio "Should Have Head Examined" After Withholding Clinton Endorsement
- Williams College New Environmental Center Reaching For High Bar
Fri April 12, 2013
Consumers Cut Back, Sales Reports Show
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.