US retail sales dropped -0.7% mom, ex-auto sales dropped -1.4% mom

<p>US retail sales dropped -0.7% mom to USD 540.9B in December, much worse than expectation of 0.0% mom rise. Ex-auto sales dropped -1.4% mom, well below expectation of -0.1% mom. Ex-gasoline sales dropped -1.2% mom. Ex-auto, ex-gasoline sales dropped -2.1% mom. PPI came in at 0.3% mom, 1.8% yoy, matched expectation. Core PPI was at […]</p>
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