US: Retail Sales Down for Third Month in a Row in December

<p>Retail sales disappointed again, recording a drop of 0.7% on the month versus an anticipated decline of 0.2%. The November reading was revised down to -1.4% from -1.1% month-on-month previously reported. Despite the three-month streak of negative growth, the fourth quarter average rounds up to a modest +0.4%. Year-on-year, retail trade finished 2020 2.9% higher. [&#8230;]</p>
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