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Retail sales figures for the United States, covering the month of December will be coming up today.
The data released by the Commerce Department will show how much Americans spent at retail stores over the holiday month.
In November, retail sales were weaker than forecasts, surprising to the downside. The declines came amid a pullback in discretionary spending. On a monthly basis, retail sales rose just 0.2% on the month compared to a 0.5% forecast. For December, expectations are once again to the upside.
Economists forecast that core retail sales will rise 0.5% on the month, while headline retail sales will rise 0.3% for the period.
However, it will be interesting to watch for any revisions to November’s data. In October, retail sales were revised higher to show a 0.4% increase rather than the 0.3% increase which was initially reported.
If the retail sales data comes on to...
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