The U.S. December retail sales data posted a worse-than-expected drop of 2.7%.

For all of 2008, retail sales were down 0.1% after posting a 4.1% rise in 2007. This is the worst showing in a year’s period since the retail sales data were revamped in 1993. In 2002, overall retail sales posted a 2.4% increase in their previous worst showing.

— Market News International

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.