December Holiday Sales Fizzle: Biggest Drop in Nearly a Decade (federal, inventor)

[HeyJude514]

U.S. retail sales fell in December, posting the biggest drop since September 2009 and delivering more evidence that last year's holiday sales fizzled unexpectedly. Even e-commerce suffered a big setback.

The Commerce Department said Thursday that December retail sales fell 1.2 percent from November.

https://www.newsday.com/business/ret...ent-1.27300233

Since the shutdown came late in the month it's not thought to have had an impact on the numbers, but rather is the fault of a decline in consumer confidence.

[saltine]

Retail sales were up in october and up in November. Declined 1.2 in december.

[James Bond 007]

MAGA!

Atlanta Fed: US GDPNow estimate for Q4-2018 drops to 1.5% from 2.7%

"The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2018 is 1.5 percent on February 14, down from 2.7 percent on February 6," the Federal Reserve Bank of Atlanta reported on Thursday.

"After this morning's retail sales and retail inventories releases from the U.S. Census Bureau, the nowcast of fourth-quarter real personal consumption expenditures growth fell from 3.7 percent to 2.6 percent, and the nowcast of the contribution of inventory investment to fourth-quarter real GDP growth fell from -0.27 percentage points to -0.55 percentage points.