U.S. retail sales suffer biggest monthly decline since 2009 [MarketWatch]
Macy's Inc (M)
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Source: MarketWatch
Retail sales sink 1.2% in December in the worst plunge in nine years The numbers: Sales at retailers fizzled in December and posted the biggest decline in nine years in a worrisome sign for the U.S. economy, according to a long-delayed government report. Retail sales sank 1.2% in December, the U.S. Census Bureau said Thursday . It’s the largest drop since September 2009, a few months after the end of the Great Recession. Economists polled by MarketWatch expected sales to be flat. The disappointing drop in sales battered stocks in early Thursday trades, but many economists were skeptical that sales were quite the disaster the report seemed to indicate. What happened: Retailers faced plenty of headwinds in December, including a stock-market meltdown, sudden talk of recession, the start of the partial government shutdown and a bout of unusually poor weather. Yet the large decline in sales appears to go beyond that and offers more proof the economy slowed toward the end of 2018. Sales f
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