December retail sales fall 1.1% after slipping in November
Headline from WTOP Washington DC
Americans cut back on spending in December, the second consecutive month they’ve done so, underscoring how inflation and the rising cost of using credit cards slowed consumer activity over the crucial holiday shopping season.
WTOP Washington DC's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Americans cut back on spending in December, the second consecutive month they’ve done so, underscoring how inflation and the rising cost of using credit cards slowed consumer activity over the crucial holiday shopping season.
U.S. retail sales fell more than expected in December, pulled down by a decline in motor vehicle purchases and a range of other goods, putting consumer spending and the overall economy on a weaker gro...
NEW YORK — Americans cut back on spending in December, the second consecutive month they’ve done so, underscoring how inflation and the rising cost of using credit cards slowed consumer activity over the crucial holiday shopping season. Retail sales fell a worse-than-expected 1.
Retail sales fell 1.1% in December, unadjusted for inflation, with consumers cutting back spending in almost all sectors except food, clothing and hobby stores, according to data […]
By Alicia Wallace, CNN It was a ho-hum end to 2022 for spending in America. US retail sales continued their fall in December, dropping by 1.1% as inflation remained high, the Commerce Department reported Wednesday.
Weaker-than-expected results, including at popular holiday shopping destinations like electronics outlets and department stores, showed how concerns about inflation are affecting consumers.
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December retail sales fall 1.1% after slipping in November | Since Then
