US Retail Sales Slip in November as COVID-19 Cases Surge
- 3 years ago
US Retail Sales Slip in November, as COVID-19 Cases Surge.
Retail sales declined by 1.1. percent,
according to data released by
the U.S. Commerce Department.
It is the second straight month sales declined,
following months of rebound from
the initial COVID-19 lockdown measures.
Declining motor vehicle sales added
most significantly to the fall, with
auto dealerships reporting a 1.7 percent dip.
Restaurant and clothing store sales
also continued to slide,
adding to the decline from October.
Compounding the bleak economic outlook
is the scheduled end of
federal pandemic assistance on Dec. 26. .
More than 9 million Americans
are currently unemployed.
Congress is reportedly likely
to pass further economic stimulus,
perhaps by the end of the week
Retail sales declined by 1.1. percent,
according to data released by
the U.S. Commerce Department.
It is the second straight month sales declined,
following months of rebound from
the initial COVID-19 lockdown measures.
Declining motor vehicle sales added
most significantly to the fall, with
auto dealerships reporting a 1.7 percent dip.
Restaurant and clothing store sales
also continued to slide,
adding to the decline from October.
Compounding the bleak economic outlook
is the scheduled end of
federal pandemic assistance on Dec. 26. .
More than 9 million Americans
are currently unemployed.
Congress is reportedly likely
to pass further economic stimulus,
perhaps by the end of the week