US Retail Sales Plunges Again

US Retail Sales Plunges Again

Washington March 13 – The retail sales of the USA witnesses a sharp decline in the month of February as demand of household items diminishes rapidly. The sharp downfall of the demand of motor cars and other items witnessed a major slump in the first quarter . The Commerce department of Trump administration has expressed serious concern as retail sales slipped to o.17 % last month .After 2012 the economy again witnessed a downward trend in the first quarter of the year.

There is some hope in some sectors such as the construction sector and the apparel business .The construction sector has risen to 0.4 % but other major sectors such as automobiles and oil sector show no sign of revival in the coming months according to the market experts.

by TNBC Staff Reporter on March 15, 2018

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