US Consumers Tap Out: Retail Sales End Weakest Year Since 2009 As Control Group Tumbles
by Tyler Durden
ZeroHedge.com
01/15/2016
American consumers curbed their spending in December, a lackluster finish to a year marked by slowing consumption despite a steadily improving labor market and months of cheap gasoline. But the biggest disappointment was the Retail Sales ex auto which was down 0.1% in December, below the 0.2% expected. Putting this miss in context, 66 out of 69 economists thought December retail sales ex autos would’ve been higher than actual. So much for those “gas savings” prompting Americans to spend, spend, spend…
The Rest…HERE
