Business
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.
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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