Retail sales in the United States declined in December

Retail sales in the United States declined in December, with the highest extent of the past nine years – according to the a report of the Census Bureau of the Washington Department of Commerce, published on Thursday.

In December last year, retail sales dropped by 1.2 percent, after November’s 0.1 percent month-on-month increase. The market expected a 0.2 percent monthly growth for December. It is the largest deline of the past nine years. (MTI)