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US: Retail sales decline 1.2% in December vs +0.2% expected
According to the monthly report published by the U.S. Census Bureau, retail sales in the U.S. declined by 1.2% on a monthly basis in December following November's 0.1% (revised) growth and fell short of the market expectation for an increase of 0.2%.
Key takeaways from the press release
- Advance estimates of U.S. retail and food services sales for December 2018 were $505.8 billion, a decrease of 1.2 percent from the previous month, but 2.3 percent above
December 2017. - Retail trade sales were down 1.3 percent from November 2018, but 2.1 percent above last year.
- Total sales for the October 2018 through December 2018 period were up 3.7 percent.
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
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