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USA: Extremely weak December retail sales
Wed, Jan 14 2009, 16:16 GMT
by Peter Possing Andersen, Signe Roed-Frederiksen
Overview: The December retail sales report was very disappointing with a decline in total retail sales of 2.7% m/m. Furthermore, both the October and the November data were revised down substantially. After today's data, the hope that personal consumption was about to stabilise on the back of the strong boost from falling gasoline prices has been dashed, for now.
Published on Wed, Jan 14 2009, 16:19 GMT
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