Blue chart showing economic growth over dollars and coins. Source: Shutterstock.

Retail sales fell for the second month in a row in March, leading a NAFCU economist to say it shows a rising risk of a recession starting as early as this summer.

The U.S. Census Bureau on Friday provided an advance estimate of $691.7 billion in retail and food services sales in March, down 1.0% from February after adjusting for seasonal variations, but not inflation. Those sales were up 2.9% from March 2022.

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Jim DuPlessis

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