Trial now
JGB TECHS

(M1) Bullish Focus

AUSSIE 10-YEAR TECHS

(M1) New Multi-Month Highs

USDCAD TECHS

Clearing Major Support

AUDUSD TECHS

Sizeable Resistance Building

EURJPY TECHS

Needle Still Points North

WASHINGTON (MNI)

The pace of U.S. retail sales plummeted in December, falling 0.7% when financial markets had expected monthly sales growth to remain unchanged, according to figures released Friday by the Commerce Department. November's decline was revised lower to -1.4% from -1.1%.

A strong month for motor vehicle and gas station sales masked weakness in most other industries. Sales at motor vehicles and parts dealers were up 1.9% after falling 1.5% in November. Excluding motor vehicle sales, retail sales were down 1.4% in December. Gas station sales also recovered in December, up 6.6% following a 1.6% decline in November. Excluding motor vehicle and gas station sales, retail sales fell 2.1%.

Meanwhile, sales at nonstore retailers, including online stores, were down 5.8% in December. Other notable declines came from electronics and appliance stores (-4.9%), restaurants (-4.5%), food and beverage stores (-1.4%), with grocery store sales down another 1.7%, and furniture stores (-0.6%).