By  on March 6, 2008

U.S. economic growth last month showed a continued softening as retailers turned in generally subdued sales reports, according to the Federal Reserve Board's Beige Book report.

Discretionary spending in particular was off in many districts. Most of the Fed's 12 districts tracked in the report said retail activity over the last seven weeks dropped or missed expectations. Conversely, tourism in many districts continued to expand. Sales were anecdotally categorized by the report as "below plan, downbeat, weak or having softened."

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