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"[...] the flat reading for overall retail sales suggested that the economy might not rebound as quickly from a slump that struck early this year as economists had been expecting. [...] a separate report Friday that producer prices last month registered their sharpest drop since September was a reminder that inflation remains lower than the Federal Reserve wants it to be. July’s retail sales figures “won’t inspire much confidence in the economic momentum at this point,” Michael Dolega, senior economist at TD Bank, said in a research note. “Given that employment has rebounded, consumer confidence is holding up, I’m not overly concerned,” said Paul Ashworth, chief U.S. economist at Capital Economics. The retail sales figure is measured in dollars, which means that falling prices can reduce the figure even if consumer demand remains solid. Steady hiring and some evidence of rising pay have been boosting Americans’ confidence and", www.sfgate.com
"Stocks are mixed Friday morning as investors wrap up a turbulent week on Wall Street. Department store companies continued to report plunging first-quarter sales, but the government reported that overall retail sales improved in April. Page 1 of 2", www.sandiegouniontribune.com
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