U.S. retail sales slide for second straight month

NEW YORK (Forex News Now) – U.S. retail sales slid for a second straight month in June and by more than expected, official data showed on Wednesday, in one of the day’s spotlight FX news events.

According to the Census Bureau, retail sales dropped 0.5 percent month-on-month in June, after a revised decline of 1.1 percent in May.

Analysts had expected growth of 0.3 percent in May, two globalforex news outlets reported.