Retail Sales Unexpectedly Decline In December, Inventories Rise
Posted By thestatedtruth.com on January 14, 2010
U.S. retail sales fell unexpectedly in December, signaling restraint by consumers during the holiday season. In a separate report, inventories rose by more than forecast for December, helping to temporarily add to the economies recovery in the last quarter of 2009.
Excluding car sales, all other retail sales in December fell 0.2% vs. an expected 0.3% increase. Consumer spending makes up 70% of gross domestic product.
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