Inquiring minds are reading the April SpendingPulseT Retail Sales Report provided by MasterCard Advisors.Kamalesh Rao, Director of Economic Research for MasterCard Advisors SpendingPulse, reported that following three months of steady, month-to-month growth averaging about 2%, total U.S. retail sales ex-auto stopped to catch its breath in April, falling by 2% since March on a seasonally adjusted basis. Taking out gasoline, the month-to-month number performed better, rising 0.3%, also on a …

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SpendingPulse Reports Retail Sales Drop 2 Percent; UCLA Ceridian Commerce Index Drops .3 Percent; Recovery Has Stalled