THE AMERICAN JOURNAL

U.S. Economy: Retail Sales Unexpectedly Fall After Bigger Gain

By Bob Willis

Jan. 14 (Bloomberg) — Sales at U.S. retailers unexpectedly fell in December following a bigger gain than previously estimated the prior month, highlighting the risk that the largest part of the economy will be slow to recover.

The 0.3 percent decrease came after a 1.8 percent jump the prior month, Commerce Department figures showed today in Washington. Other reports showed inventories rose more than forecast in November and jobless claims climbed last week

Read more: Bloomberg

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January 14, 2010 - Posted by | Uncategorized | ,

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