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U.S. Retail Sales Slump Much More Than Expected Amid Renewed Lockdowns

Reflecting renewed lockdowns in some states as a result of the recent spike in new coronavirus cases, the Commerce Department released a report on Wednesday showing a steep drop in U.S. retail sales in the month of November.

The Commerce Department said retail sales tumbled by 1.1 percent in November following a revised 0.1 percent dip in October.

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by RTTNews Staff Writer

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