Unexpectedly flat US retail sales signal slower economic growth

US retail sales were unchanged in December, suggesting a slower growth path. Economists may now trim their fourth-quarter consumer spending estimates.

Retail sales in the US USUS were unchanged in December, according to data released by the U.S. Commerce Department Census Bureau. This flat reading follows a 0.6% rise in November and signals a slowdown in the pace of consumer spending as the nation enters the new year.
A woman looks at beauty products in a local store during the holiday season in New York City, U.S., December 10, 2023. REUTERS/Eduardo Munoz
A woman looks at beauty products in a local store during the holiday season in New York City, U.S., December 10, 2023. REUTERS/Eduardo Munoz
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