Retail sales fell 1.1% in December, a weak finish to the holiday shopping season. Consumers spent less on vehicles, gasoline and furniture.
Shoppers faced higher interest rates, elevated inflation and worries about economic slowdown late last year
In 2021, officials thought high inflation would be temporary. But a year later, it was still near a four-decade high. WSJ’s Jon Hilsenrath explains factors that have kept inflation up longer than expected. Illustration: Jacob ReynoldsU.S. consumers cut back on retail spending at the height of the holiday season as
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China reports 3% GDP growth for 2022 as December retail sales, industrial production beat estimatesThe world’s second-largest economy grew more than expected last year but missed its original target and faces challenges as it emerges from pandemic isolation.
Read more »
US: Retail Sales decline by 1.1% in December vs. 0.8% fall expectedUS: Retail Sales decline by 1.1% in December vs. 0.8% fall expected – by hareshmenghani RetailSales UnitedStates EconomicIndicator DollarIndex Currencies
Read more »
China Dec industrial output up 1.3%, retail sales down 1.8%China's industrial output grew at a modest 1.3% pace last month year-on-year, official data showed on Tuesday, easing from a 2.2% rise in November, as manufacturing activity was hit by the rampant spread of COVID infections that bound workers indoors.
Read more »
Tesla's retail sales in China surged after price cut, brokerage data saysTesla's retail sales surged in China in January after it slashed prices for its top-selling models earlier in the month, data compiled by China Merchants Bank International (CMBI) showed.
Read more »
Zoa Energy Drink has crossed over $100 million in retail sales, says Dwayne 'The Rock' JohnsonDwayne 'The Rock' Johnson, actor and co-founder of ZOA Energy Drink and Teremana Tequila, joins 'Squawk on the Street' to discuss his brands' goals moving forward, the WWE, thoughts on Disney and the future of 'Black Adam.'
Read more »
Gold Price Forecast: XAU/USD remains defensive, focus on United States Treasury bond yields, Retail SalesGold price (XAU/USD) remains lackluster as buyers struggle defend the $1,900 threshold after declining during the first two days of the week. The yell
Read more »