U.S. Retail Sales Post Huge Downward Surprise, Economic Recovery Finally Over

So much for those allegedly strong Christmas sales. In fact, sales of nearly everything were down in the today’s Commerce Department Retail Sales Report for December 2014.
Retail sales were down 0.9% compared to November vs. economist expectations of a 0.1% decrease. November was revised from +0.7 percent to +0.4 percent.