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LATEST US DATA

December retail-sales decline biggest in almost a year

Prices of imported goods down 2.5% last month thanks to drop in fuel prices, largest in nearly six years
Thursday, January 15, 2015 - 05:50
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For all of last year, purchases increased 4 per cent after a 4.1 per cent gain in 2013.

Washington

RETAIL sales in the United States slumped in December by the most in almost a year, reflecting a broadbased retreat that will probably prompt economists to cut growth forecasts.

The 0.9 per cent drop, the biggest since January 2014, followed a 0.4 per cent gain in