U.S. Retail Sales Pulled Back in December, Capping off a Strong Year

Retail sales declined for the first time in five months, falling 1.9% m/m in December, well below the consensus estimate for a modest decline of 0.1%. November’s reading was also revised down to +0.2% m/m from 0.3% m/m reported earlier. Supply-chain disruptions continue to weigh motor vehicles and parts, where sales posted a decline of […]

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