US retail sales weakest in over a year, consumer sentiment plunges

WASHINGTON – US retail sales gave their weakest showing in more than a year and consumer sentiment plunged, recent data showed, as households battered by fallout from President Donald Trump’s Iran war curbed spending and raised their expectations of inflation. Total US retail sales were down 0.6% in July from the previous month, at US$763.6... The post US retail sales weakest in over a year, consumer sentiment plunges appeared first on New Era .