No. 412: December Retail Sales, November Trade Balance
• Make-or-Break Month for Retailers Was Flat-to-Minus, Both Before and Likely After Adjustment for Inflation
• Worse-Than-Expected Retail Sales and Trade Data Should Dampen 4th-Quarter GDP Growth Outlook
• Worse-Than-Expected Retail Sales and Trade Data Should Dampen 4th-Quarter GDP Growth Outlook
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