Jan
17

US December Retail Sales Sluggish

Posted by Ruaidhri Horan / Tuesday, 17th January 2012 / 0 Comments
usretailers usretailsales retailsales ussales decembersales usgrowth useconomicgrowth salesgrowth uscommercedepartment electronicsales usunemployment usunemploymentrate

US retail salesUS retail sales in December 2011, up 0.1%, was the slowest rate of growth in the last seven months. Year on year sales were up 6.5%.

The 0.1% increase in December was disappointing when compared to a 0.4% increase in November. The slow rate of growth was reflected by an increase in savings, despite high hopes for the December shopping season.

However the year 2011 represented the strongest year for US retailers since 1999, according to the US commerce department. Electronic sales were the main victims in December and showed the biggest decrease since March 1999. The first week of January continued the downward trend as sales dropped 5.4%…

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