FXStreet (Mumbai) – The U.S. Census Bureau reported today retail sales contracted 0.1 per cent. It was expected to stagnate. Retail sales had grown 0.4 per cent in November. U.S. retail sales declined to end weakest year since 2009. Excluding auto, retail sales contracted 0.1 per cent.
U.S. retail and food services sales for December, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $448.1 billion.
Sporting goods, hobby, book and music stores were up 7.6% (±2.1%) from December 2014 and non-store retailers were up 7.1 per cent (±1.2%) from last year.
Total sales for the 12 months of 2015 were up 2.1 per cent (±0.4%) from 2014. Total sales for the October 2015 through December 2015 period were up 1.8 per cent (±0.5%) from the same period a year ago. The October 2015 to November 2015 per cent change was revised from up 0.2 percent (±0.5%)* to up 0.4 percent (±0.2%).
(Market News Provided by FXstreet)