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U.S. Retail Sales Slump 1.1% In December, More Than Expected

Por: RTTNews Business January 18, 2023

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A report released by the Commerce Department on Wednesday showed a steep drop in U.S. retail sales in the month of December.The Commerce Department said retail sales tumbled by 1.1 percent in December after slumping by a revised 1.0 percent in November.Economists had expected retail sales to decrease by 0.8 percent compared to the 0.6 percent drop originally reported for the previous month.Andrew Hunter, Senior US Economist at Capital Economics,... + full article



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