Retail sales declined in June while more goods piled up on business shelves in May, underscoring a dilemma facing the U.S. economy.
Up to now, the recovery was fueled in large part by businesses rebuilding inventories depleted during the recession. But that process can’t continue if consumers cut back on spending, as now appears to be happening.
The Commerce Department reported Wednesday that retail sales fell 0.5% in June from May, the second month in a row that sales declined.
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