US recession fears as retail sales fall telegraph ^ | 10:25PM BST 16 Jul 2012 | Richard Blackden [ quote] The 0.5pc drop last month was marked by waning demand for goods ranging from furniture to electronics as Americans retrenched in the face of weak wage growth, a slowing jobs market and persistent fears over Europes debt crisis. For the second quarter as a whole, retail sales fell at an annual pace of 0.8pc compared with an increase of 6.7pc in the first three months of the year when the countrys jobs market showed signs of improvement. With the consumer again cutting back, the report raised fears among some economists that the US could slide back into recession. The report offers no quarter for those looking for good news for the US consumer, said David Semmens, an economist at Standard Chartered. Nine of the 13 categories covered by todays report from the Commerce Department showed declines, with essential categories such as food among the handful to buck the drop. Wall Street had been expecting a gain of 0.2pc. The weakness of the report will bring into even sharper focus tomorrows appearance by Federal Reserve chairman Ben Bernanke before Congress.... [/quote] US recession fears as retail sales fall - Telegraph It never ever ends. What recovery?