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      US retail sales decline in August


      by contrast, domestic consumer spending is being hit by a number of factor sales, such as higher unemployment, rising energy and food bills and a sharp decline in the housing market .
      excluding motor sales, core retail sales fell 0.7% in august after rising 0.3% in july .
      i would be very surprised to see consumer spending in positive territory in the third quarter, he said .
      chris rupkey, analyst, bank of japan-mitsubishi .
      us retail sales fell unexpectedly in august, the second monthly decline in succession, increasing concerns about the state of the domestic economy .
      Generated 2008-9-16_0:55


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