(Bloomberg-Businessweek) The Commerce Dept reported today that retail sales rose slower than expected at at anemic .04% last month after a .05% in May, Americans spent less at department stores and restaurants in June, they purchased fewer computers and electronics.
Economists pay close attention to core sales because its components are used to calculate the economy strengths or weakness. Overall consumer spending has cooled from the start of the year.
In related economic news, California’s economy may be improving slightly but the ‘Golden State’s’ business climate ranks dead last among the 50 states according to the 2013 Survey by Chief Executives magazine.
Rest here from Cal Watchdog
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