Wednesday January 14, 01:46 PM
US retail sales plunged 2.7% in December
WASHINGTON (AFP) - US retail sales skidded for the sixth straight month in December, plunging 2.7 percent from November, more than twice market forecasts, government data showed Wednesday.
Analysts' consensus forecast was for a drop of 1.2 percent in retail and food services sales.
Excluding gasoline sales, which plummeted because of falling crude oil prices, retail sales fell for the seventh consecutive month in December, by 1.4 percent, compared with a slight 0.2 percent decline in November, the department said.
|
|
|
Send Article by Email
Send Article by IM
Blog This with Y! 360
Printable View
