Retail sales in United States have fallen sharply. It has been the biggest ever decline in the past three years as buyers find it difficult to make purchase amidst the economic crisis gripping the country. According to the figure released by US Department of commerce the value of sales fell from 1.2% in August to below 1% in September.
This decline is an indicative of the fact that more and more people are being directly or directly affected by the financial crisis. The buying power of people has declined and they are cutting expenses. The auto sales has also declined sharply.
The economy of the country is definitely in recession and people are avoiding big expenses. With credit crisis financing facilities for cars has become difficult which has resulted in decline in car sales.
Retail sales in United States have fallen sharply. It has been the biggest ever decline in the past three years as buyers find it difficult to make purchase amidst the economic crisis gripping the country. According to the figure released by US Department of commerce the value of sales fell from 1.2% in August to below 1% in September.
This decline is an indicative of the fact that more and more people are being directly or directly affected by the financial crisis. The buying power of people has declined and they are cutting expenses. The auto sales has also declined sharply.
The economy of the country is definitely in recession and people are avoiding big expenses. With credit crisis financing facilities for cars has become difficult which has resulted in decline in car sales.
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