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Economy

marmar

(77,080 posts) Thu Feb 14, 2019, 10:37 AM Feb 2019

Retail sales sink 1.2% in December in the worst plunge in nine years

(MarketWatch) The numbers: Sales at retailers fizzled in December and posted the biggest decline in nine years in a worrisome sign for the U.S. economy, according to a long-delayed government report.

Retail sales sank 1.2% in December, the U.S. Census Bureau said Thursday. It’s the largest drop since September 2009, a few months after the end of the Great Recession.

Economists polled by MarketWatch expected sales to be flat. .............(more)

https://www.marketwatch.com/story/retail-sales-sink-12-in-december-to-mark-biggest-drop-since-2009-as-holiday-season-fizzles-out-2019-02-14

2 replies

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Retail sales sink 1.2% in December in the worst plunge in nine years (Original Post) marmar Feb 2019 OP

Yeah. The drumpfian economy is on fire. democratisphere Feb 2019 #1

Retail Sales Declined in December at Fastest Pace Since 2009 mahatmakanejeeves Feb 2019 #2

democratisphere

(17,235 posts)

1. Yeah. The drumpfian economy is on fire.

Reply to marmar (Original post)

Thu Feb 14, 2019, 11:10 AM

Feb 2019

Fully engulfed.

mahatmakanejeeves

(57,439 posts)

2. Retail Sales Declined in December at Fastest Pace Since 2009

Reply to marmar (Original post)

Thu Feb 14, 2019, 01:40 PM

Feb 2019

David Fahrenthold Retweeted

Retail sales declined in December at the fastest pace since 2009, another red flag for the US economy.

Consumer spending drives 70% of GDP growth.

https://www.wsj.com/articles/retail-sales-declined-at-fastest-pace-since-2009-in-december-11550151440 … #economy

Link to tweet

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