US retail sales flat in December as consumers pull back

WASHINGTON, United States — US retail sales showed no growth in December, according to delayed government data released Tuesday, missing analysts’ expectations amid heightened scrutiny of the American consumer’s appetite — a key driver of the world’s biggest economy. Overall sales were flat on a month-on-month basis at $735 billion, Commerce Department data showed. This was down from November’s 0.6 percent growth, which saw a boost from the year-end holiday shopping season. But spending appeared to lose steam, undershooting expectations of economists surveyed by Dow Jones Newswires and The Wall Street Journal who instead expected growth of 0.4 percent. The […]... Keep on reading: US retail sales flat in December as consumers pull back