US retail sales fell 1.2% in December

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In December, the maximum decline in retail sales since 2009 was recorded in the USA. According to the US Department of Commerce, they fell by 1.2% compared to November. This was a surprise for economists, who had predicted a growth rate of 0.2%. The dynamics of retail sales, which account for about 70% of US GDP, is an important factor for the American economy. Their figure, which does not take into account cars, gasoline and building materials, noted an even greater drop in December, a decrease of 1.7%. These were the fastest rates of decline since September 2001. Demand fell in 11 out of the 13 major product categories. Food and beverages, gasoline, electronics, furniture and medical supplies showed a decline in sales.

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