logo
  

U.S. Retail Sales Unexpectedly Tumble 1.9% In December

A report released by the Commerce Department on Friday unexpectedly showed a steep drop in U.S. retail sales in the month of December.

The Commerce Department said retail sales tumbled by 1.9 percent in December after edging up by a revised 0.2 percent in November.

The sharp pullback surprised economists, who had expected retail sales to come in unchanged compared to the 0.3 percent growth originally reported for the previous month.

Excluding auto sales, retail sales plunged by 2.3 percent in December after inching up by a revised 0.1 percent in November.

Economists had expected ex-auto sales to rise by 0.2 percent compared to the 0.3 percent increase originally reported for the previous month.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT