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U.S. retail sales decrease more than expected in November

From cnbc.com

U.S. retail sales fell for a second straight month in November, likely weighed down by raging new COVID-19 infections and decreasing household income, adding to growing signs of a slowdown in the economy’s recovery from the pandemic recession. Retail sales dropped 1.1% last month, the Commerce Department said on Wednesday. Data for October was revised down to show sales falling 0.1% instead of climbing 0.3% as previously reported. October’s decrease was the first since April, when stringent measures to control the first wave of coronavirus cases crippled the economy. Excluding automobiles, gasoline, building ... (full story)

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  • Category: High Impact Breaking News