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US retail sales fall 0.4 percent in March

April 12, 2013

WASHINGTON -- Sales at U.S. retailers fell in March from February, indicating that higher taxes and weak hiring may have made some consumers more cautious about spending. Retail sales declined a seasonally adjusted 0.4 percent last month, the Commerce Department said Friday. That followed a 1 percent gain in February and a 0.1 percent decline in January. Both February and January figures were revised lower.

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