U.S. retail and food services sales rose 0.4% month-on-month (m/m) in December, down from the upwardly revised 0.8% increase seen in November (previously 0.7%), and slightly below the consensus forecast calling for a 0.6% gain. A drop in food services sales weighed on the headline (-0.3% m/m). On a year-over-year basis, growth decelerated rapidly last […]
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