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Saturday, January 15, 2022

US retail sales declined 1.9% in December 2021.


The persistently high inflation had eroded consumer spendings and household savings which resulted in the decline in retail sales.  This is not unexpected as the ISM PMI (new local order, Est'd -0.7%) has already indicated the weakness in consumption.

http://sg-stock.blogspot.com/2022/01/us-ism-pmi-declined-in-december-2021-as.html

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