Fuel prices, car sales send US retail figures lower

17 March 2020

 

US retail sales had been trending up since late 2015 but, beginning in late 2018, a series of weak or negative monthly results led to a drop-off in the annual growth rate which brought the annual rate below 2.0% by the end of the year. Growth rates then increased in trend terms through 2019 into early 2020.  According to the latest “advance” sales numbers released by the US Census Bureau,...

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