Retail sales in the U.S. continued to decline in the month of December, according to a report released by the Commerce Department on Friday.The Commerce Department said retail sales fell by 0.7 percent in December after tumbling by a revised 1.4 percent in November. Economists had expected retail sales to come in unchanged compared to the 1.1 percent slump originally reported for the previous mont...
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.