US retail performed poorly in December
Retail sales in the U.S. sank in December in large part because of cheaper gasoline, but most stores posted weak results during the busiest month of the shopping season, government data show.
The surprisingly large decline in retail sales triggered a selloff in U.S. stocks, while foreign markets took a darker tone on fresh worries that lower oil prices aren't helping the American economy as much as predicted.
Sales at retailers dropped a seasonally adjusted 0.9% last month to mark the biggest pullback in nearly a year, the Commerce Department said Wednesday. Economists polled by MarketWatch were expecting a smaller 0.2% decline. (portfolio.hu)
Related news
Related news
Chicken is getting more expensive, eggs are getting more expensive – this is what awaits Hungarian consumers now
A significant price increase has taken place on the domestic…
Read more >2025 brought an unpredictable season to the stone fruit market
The 2025 stone fruit season is characterised by contrasting trends…
Read more >#MatchaTok is taking over: Japanese green tea powder has become the new favorite on social media
The #MatchaTok trend that started on TikTok has taken the…
Read more >