Retail Sales - December 2018


ECONODAY: Fourth-quarter GDP forecasts are being shaved after an unexpectedly weak verdict for December holiday sales. Retail sales fell 1.2 percent in December for the sharpest monthly decline of the expansion, since September 2009 and the last recession. The twist in the data is that vehicle sales, not really part of the holiday season, contributed strongly to December's results and excluding which sales fell 1.8 percent....