Advance retail and food services sales estimates for the month of December, adjusted for seasonal and holiday-related differences, dropped considerably from month ago and year ago figures. Numbers from the U. S. Census Bureau indicated that sales were off 2.7% from November and 9.8% from December 2007. These numbers are not adjusted for inflation. Total sales for 2008 were down 0.1% from a year ago.
The data helped send the Dow Jones Industrial Average down 248 points for the day.
For the entire story, go here.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment