Business

Low consumer spending weakens economy

InternAdmin Contributor
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Americans, weighed down by the shaky recovery and feeble job market, are spending more cautiously now than earlier in the year, endangering prospects for economic growth.

Retail sales—of everything from restaurant meals to clothes and cars—clicked up 0.1% in June after falling slightly the month before, the Commerce Department said Thursday.

Full story: ‘Slowing sales imperil growth’