Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
U.S. retail sales fall for 6th straight month in December
+ -
08:25, January 15, 2009

Click the "PLAY" button and listen. Do you like the online audio service here?
Good, I like it
Just so so
I don't like it
No interest
 Related News
 U.S. retail sales decline by 0.3% in August
 U.S. retail sales decline for first time in five months
 U.S. retail sales rise at slower pace in August
 U.S. retail sales up by 0.3 percent in July
 U.S. retail sales suffer biggest drop in nearly two years
 Related Channel News
· U.S. financial crisis triggered global turmoil
 Comment  Tell A Friend
 Print Format  Save Article
Retail sales in the United States plunged 2.7 percent in December 2008, marking a record sixth consecutive monthly drop, the Commerce Department said Wednesday.

The drop, which followed a decrease of 2.1 percent in November, was more than double the 1.2-percent decline that analysts had expected.

For December, the weakness was widespread as all areas of retail sales showed declines.

Auto sales tumbled 0.7 percent, steeper than the 0.3-percent decline in November.

Retail sales were also down at department stores, specialty clothing stores, furniture stores, hardware stores, restaurants and gasoline stations.

The 15.9-percent drop at service stations was heavily influenced by the big decline in gasoline prices during the month.

For all of last year, retail sales declined 0.1 percent, in contrast to a 4.1-percent gain in 2007. It was the first time the annual retail sales figure had fallen, according to government records going back to 1992.

Before 2008, the weakest year for retail sales had been 2.4 percent in 2002, the year after the 2001 recession.

The decline in retail sales for six straight months, a stretch of weakness never before, was a reflection of the economy that has been in a recession for a whole year.

Source:Xinhua



  Your Message:   Most Commented:
7,000 students register in Iran's Isfahan to fight Israel
Behind scene of "Bush shoes attack"
Vice premier: China urges immediate stop of military operations in Gaza
Message Board
U.S. blame game cannot change facts of financial crisis 

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90778/90858/90864/6574395.pdf