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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: Kenneth E. Phillipps who wrote (77398)1/14/2010 8:34:27 AM
From: FJB   of 224749
 
U.S. Dec. retail sales decline 0.3%

Jan. 14, 2010, 8:30 a.m. EST

WASHINGTON (MarketWatch) - U.S. retail sales fell a seasonally adjusted 0.3% in December on widespread weakness across different kinds of stores, the Commerce Department estimated Thursday. The decline was unexpected, as economists surveyed by MarketWatch were forecasting a 0.5% gain. Auto sales disappointed, dropping 0.8% in dollar terms despite an increase in unit sales reported by the automakers. Excluding auto sales, retail sales fell 0.2%. Sales for all of 2009 fell 6.2% compared with 2008 to $4.14 trillion. It was the largest decline on record, dating back to 1992. It was only the second decline on record; the other was the 0.5% drop in 2008.
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