Retail Sales Fell Sharply In March
Consumers cut spending at retail counters by 1 percent in March, the biggest monthly decline in more than two years, the Commerce Department said today in a report that was considerably weaker than expected. Although the midmonth blizzard that paralyzed much of the Northeast and South was widely acknowledged to have had an adverse impact, Government and private analysts said there was little doubt that the poor sales results also suggested a further slackening of economic growth.