We just got a stark warning that the US economy is slowing as trade tensions persist
|12/13/2019||Posted by BusinessMediaguide.Com under General World News||
- US retail sales grew less than expected in November, rising 0.2% compared to the 0.5% estimate from economists surveyed by Bloomberg.
- The lagging sales data signals slower economic growth than hoped for in the fourth-quarter, as the US-China trade war also pulled the US manufacturing sector further into a recession last month.
- November’s soft retail trend could also be a result of this year’s late Thanksgiving, JPMorgan Chase economist Daniel Silver said in a Thursday note. The timing “could have pushed some holiday shopping from November to December,” he wrote.
- Visit the Business Insider homepage for more stories.
US retail sales read more >>>