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Friday, Jun 9, 2023

Retail sales, wholesale prices fall again

WASHINGTON — Consumers reduced their spending at retail stores again in November while the costs of goods before they reach store shelves also continued to drop, more bad signs in a recession that appears to be deepening. The Commerce Department reported today that retail sales dropped by 1.8 percent in November. The decline, which was slightly below the 1.9 percent dip that had been expected, was the fifth straight monthly drop, a record stretch of weakness. For the full story click here

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