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In a setback for the U.S. economic recovery, retail sales fell 1.2% in May from the previous month as consumers pulled back their spending on things from cars to clothing, the Commerce Department reported. The decline was the biggest — and the first — since September 2009, when sales fell 2.2%.

Excluding auto and gas sales, retail sales slipped 0.8%, the largest drop
since 1% in March 2009.

See the full report in the Wall Street Journal:

http://online.wsj.com/article/SB10001424052748703509404575300380133852708.html?mod=djemalertNEWS

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