{"id":78599,"date":"2023-01-18T17:50:17","date_gmt":"2023-01-18T13:50:17","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=78599"},"modified":"2023-01-18T17:50:19","modified_gmt":"2023-01-18T13:50:19","slug":"us-retail-sales-decline-by-1-1-in-december-ppi-falls-to-6-2","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/us-retail-sales-decline-by-1-1-in-december-ppi-falls-to-6-2\/01\/18\/market-updates\/","title":{"rendered":"US: Retail Sales decline by 1.1% in December, PPI falls to 6.2%"},"content":{"rendered":"\n<p>Retail Sales in the\u00a0United States\u00a0declined by 1.1% on a monthly basis in December. This follows November\u2019s fall of 0.6% and misses consensus estimates for a 0.8% fall.<\/p>\n\n\n\n<p>Excluding autos, core retail sales also contracted by 1.1% during the reported month as compared to a 0.4% fall anticipated and a modest 0.2% drop in November, pointing to a slowdown in consumer demand.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>data published by the US Bureau of Labor Statistics revealed that the\u00a0Producer Price Index\u00a0(PPI) for final demand in the US declined to 6.2% on a yearly basis in December from the previous month\u2019s downwardly revised reading of 7.3%. This reading missed consensus estimates for a fall to 6.8%. The annual Core PPI decelerated to 5.5% during the reported month from the previous month\u2019s reading of 6.2%, again missing market expectations. On a monthly basis, the Core PPI came in at 0.1%, down from 0.2% in November (revised lower from 0.4% reported previously).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Retail Sales in the\u00a0United States\u00a0declined by 1.1% on a monthly basis in December. This follows November\u2019s fall of 0.6% and misses consensus estimates for a 0.8% fall. Excluding autos, core retail sales also contracted by 1.1% during the reported month as compared to a 0.4% fall anticipated and a modest 0.2% drop in November, pointing &hellip;<\/p>\n","protected":false},"author":9,"featured_media":52065,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6885,6987,7099],"class_list":["post-78599","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-fed","tag-inflation","tag-spending"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/78599","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=78599"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/78599\/revisions"}],"predecessor-version":[{"id":78600,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/78599\/revisions\/78600"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/52065"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=78599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=78599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=78599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}