NEW YORK (Reuters) – U.S. retail sales excluding autos posted their biggest monthly drop in five years in November, as consumers, spooked by a deepening recession, pared spending for a third straight month, a private report released on Thursday showed.
The decline accelerated in November despite a sales spurt over the crucial "Black Friday" weekend -- the three days after the Thanksgiving holiday in late November -- according to SpendingPulse, the retail data service of MasterCard Advisors, a subsidiary of MasterCard Inc.
Read full article: http://news.yahoo.com/s/nm/20081211/bs_nm/us_usa_economy_spending;_ylt=AinKRQy5h1IGE_dacH8aFVPv5rEF
No comments:
Post a Comment