Weakest U.S. retail sales since 2009 cast pall over economy
WASHINGTON (Reuters) - U.S. retail sales recorded their biggest drop in more than nine years in December as receipts fell across the board, suggesting a sharp slowdown in economic activity at the end of 2018. The shockingly weak report from the Commerce Department on Thursday led to growth estimates for the fourth-quarter being cut to below a 2.0 percent annualized rate. December's collapse in retail sales and other data showing an unexpected increase in the number of Americans filing claims for unemployment benefits last week and a second ...
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