Director / Editor: Victor Teboul, Ph.D.

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2015 Was Weakest Year for Retail Since 2009

U.S retail sales fell 0.1 percent in December, ending a very disappointing year for holiday sales and raising new concerns about consumer spending in 2016. All told, retail sales rose 2.1 percent for all of of 2015, a far cry from the 3.9 percent gain the year before. Much of the downward pressure has been attributed to plunging oil prices, which have sent gasoline prices to a seven-year low in the United States. Some economists believed the lower gasoline prices...

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