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The City Café

For those interested in sharing ideas and perspectives regarding local government.

AP-USMonthlyTradeSo the first two major economic  indicators out this week are the national trade deficit and national retail sales. The national trade deficit widened to $27.6 billion — which is lower than the $29 billion economists forecasted. The U.S. deficit in international trade of goods and services increased to $27.58 billion from February’s revised $26.13 billion, according to the Commerce Department.

National retail sales, which was released this morning, however declined more than economists expected. The Commerce Department says retail sales for April declined 0.4% — while economists projected April sales to be flat.

Consumers pull back in April (cnnmoney.com)

Interesting WSJ blog post about what is causing concern with retail sales: Questions about consumers (basically jobs and wages still look pretty weak)

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