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Six trends shaping the industries and sectors we cover in 2021
19 Jan, 2021 Author Tayyeba IrumChris Hudgins
U.S. retail sales recorded a third straight month of declines in December 2020 as a surge in coronavirus cases and renewed COVID-19 restrictions continued to weigh on consumers throughout the holiday season.
The dismal results underscored the need to accelerate vaccine rollout in the U.S. and reopen large swaths of the economy that were restricted or closed by the virus, experts said.
Retail and restaurant sales in December 2020 dropped by 0.7% compared to the prior month, following a revised 1.4% decline in November 2020. The forecast by economists polled by Econoday called for a 0.1% decrease in December sales.