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Retail Sales, Manufacturing Declines Point to Slowing Economy
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U.S. retail spending and manufacturing weakened in November, signs of a slowing economy as the Federal Reserve continues its battle against high inflation.
November retail sales fell 0.6% from the prior month for the biggest decline this year, the Commerce Department said Thursday. Budget-conscious shoppers pulled back sharply on holiday-related purchases, home projects and autos. Manufacturing output declined 0.6%, the first drop since June, the Fed said in a separate report.
Read more on wsj.comAbout this in other media
U.S. Home Sales Post Record 10th Straight Month of Declines wsj.com /1 year ago
U.S. Home Sales Post Record 10th Straight Month of Declines wsj.com /1 year ago
U.S. Home Sales Post Record 10th Straight Month of Declines wsj.com /1 year ago
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