U.S. retail sales suddenly drop 0.4% in January

Source: Bloomberg
© FP
U.S. retail sales unexpectedly fell in January to the lowest level since June 2012 due to the poor weather conditions that lowered consumers' activity. The 0.4% drop was shown today by Commerce Department in Washington and then revised to a 0.1% fall that was earlier reported as an advance in December. According to U.S. economist Guy Berger's view, this situation is not considered to be positive for consumer spending, despite there is improvement in employment growth.
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