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Consumers Cut Back, Sales Reports Show

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Consumers Cut Back, Sales Reports Show

Consumers Cut Back, Sales Reports Show

Consumers Cut Back, Sales Reports Show

  • Download
  • <iframe src="https://www.npr.org/player/embed/177027201/177023818" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Higher taxes and slow hiring cut into consumer purchasing last month. Analysts say is behind a disappointing March retail sales report. Host David Greene has more.

DAVID GREENE, HOST:

NPR's business news starts with less shopping.

(SOUNDBITE OF MUSIC)

GREENE: Higher taxes and slow hiring cut into consumer purchasing last month. That's what analysts say is behind a disappointing March retail sales report. Today, the Commerce Department reported .4 percent drop - that's the biggest drop in nine months. Consumers cut back at auto dealers and at gas stations. They also bought less from department and grocery stores, and they bought fewer electronics and sporting goods.

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