( ) -q-30- UNDATED (Correspondent Jeremy House) “and rising wages.” Americans took a break from spending in January after splurging during the holiday season. [CutID: <Cuts> RETAIL-SALES-house-q-THUam.mp3 Time: 30s Title: RETAIL-SALES-house-q-THUam Out-cue: and rising wages] TAG: Correspondent Jeremy House reporting. ————————————- VERBATIM: The Commerce Department says retail sales fell 0.8% from the strong pace in […]
Audio
Retail sales fall 0.8% in January from December following strong holiday season
( ) -q-30- UNDATED (Correspondent Jeremy House) “and rising wages.”
Americans took a break from spending in January after splurging during the holiday season.
[CutID: <Cuts> RETAIL-SALES-house-q-THUam.mp3
Time: 30s
Title: RETAIL-SALES-house-q-THUam
Out-cue: and rising wages]
TAG: Correspondent Jeremy House reporting.
————————————-
VERBATIM: The Commerce Department says retail sales fell 0.8% from the strong pace in December when retail sales were up a revised 0.4%. Economists had expected consumers to pull back on spending late last year under the weight of credit card debt and delinquencies and lower savings. Yet despite those challenges, along with higher borrowing costs and tighter credit conditions, household spending had been been fueled by strong job and rising wages.