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U.S. retail sales fall again in December – CNBC

U.S. retail sales declined in December as renewed measures to slow the spread of Covid undercut spending at restaurants and reduced traffic to shopping malls.

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U.S. retail sales declined further in December as renewed measures to slow the spread of COVID-19 undercut spending at restaurants and reduced traffic to shopping malls, the latest sign the economy lost considerable speed at the end of 2020.
Retail sales dropped 0.7% last month, the Commerce Department said on Friday. Data for November was revised down to show sales declining 1.4% instead of 1.1% as previously reported. Economists polled by Reuters had forecast retail sales unchanged in December.

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