Mild US winter holds back retail sales

14 February 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. However, growth rates increased in trend terms through 2019 and the first set of figures for 2020 have been largely uncontroversial.  According to the latest...

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