U.S. retail sales disappoint, market overlooks

14 February 2018

 

U.S. household spending fell back in January, as higher fuel prices were outweighed by lower car sales and a drop in the sale of building supplies and garden items. According to the latest advance U.S. retail sales numbers released by the U.S. Census Bureau, retail sales shrank by 0.3% for the month. The decline is well below the expected figure of +0.2% and lower than December’s revised figure of 0.0%....

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