Written by Harriet Torry and Sarah Nassauer
U.S. consumers cut back on retail spending at the height of the holiday season as the country confronted a surge in coronavirus infections.
Retail sales, a measure of purchases at stores, restaurants and online, declined a seasonally adjusted 0.7% in December from the prior month, the Commerce Department said Friday. That marked the third consecutive month of declines, and November’s retail sales were revised lower to a 1.4% drop, after a stretch of growth last spring and summer.
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