Thursday, 14 February 2019

Retail sales sink 1.2% in December in the worst plunge in nine years

Retail sales sink 1.2% in December in the worst plunge in nine years

Sales at retailers fizzled in December and posted the biggest decline in nine years in a worrisome sign for the U.S. economy, according to a long-delayed government report. Retail sales sank 1.2% in December, the U.S. Census Bureau said Thursday. It’s the largest drop since September 2009, a few months after the end of the Great Recession.
Read more: https://www.marketwatch.com/story/retail-sales-sink-12-in-december-to-mark-biggest-drop-since-2009-as-holiday-season-fizzles-out-2019-02-14?mod=economic-report?source=Snapzu

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