U.S. Retail Sales Unexpectedly Fall the Most in Nine Years
From bnnbloomberg.ca
U.S. retail sales unexpectedly fell in December, posting the worst drop in nine years in a sign of slower economic momentum at year-end amid financial market turmoil and the government shutdown. The value of overall sales fell 1.2 percent from the prior month after a downwardly revised 0.1 percent increase in November, according to Commerce Department figures released Thursday after a four-week delay due to the shutdown. That missed all economist estimates in a Bloomberg survey that had called for a 0.1 percent gain. The broad weakness across most sectors adds to signs that U.S. economic growth is cooling from prior ...
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