US retail momentum “spilling” into 2020

16 January 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. After an unsteady start to 2019, subsequent months’ figures have been consistently positive. Apart from February, just one other month in 2019, September, recorded a...

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