U.S. Retail Sales Unexpectedly Dropped In December As Consumers Retrenched
Posted 01-14-2010 at 09:53 AM by DailyFX
U.S advance retail sales in December unexpectedly fell by 0.3% against forecasts for a 0.5% gain, as the weak labor market caused Americans to curb holiday shopping. Indeed, purchases of electronics dropped by 2.6% after a 2.8% gain in November as shoppers took advantage of black Friday deals and sought out popular items as reduced inventories were expected to limit availability.
Read more: DailyFX - U.S. Retail Sales Unexpectedly Dropped In December As Consumers Retrenched http://www.dailyfx.com/forex/market_...#ixzz0cbAmZZ5v
Read more: DailyFX - U.S. Retail Sales Unexpectedly Dropped In December As Consumers Retrenched http://www.dailyfx.com/forex/market_...#ixzz0cbAmZZ5v
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