US Retail Sales Fell Due to Covid

Washington, Dec 16 (AFP/APP): US retail sales fell sharply in November, according to government data released Wednesday, a further sign of economic trouble as Covid-19 cases climb and lawmakers remain deadlocked on approving economic stimulus. Sales fell 1.1 percent compared to October, seasonally adjusted a much sharper decline than expected, while October’s sales were revised downward from a slight increase to a slight decrease, the Commerce Department said. The report showing weaker spending heading into the holiday shopping season was released as the deadlock in Congress on passing more pandemic relief continued into the final weeks of the year, raising … Continue reading US Retail Sales Fell Due to Covid