Retail sales in the United States in November fell 1.8% for the fifth consecutive month. Producer prices in the United States have also showed in November a steep decline of 2.2%, due to declining market for energy materials.
Retail sales in the United States in November fell 1.8% for the fifth consecutive month, according to seasonally adjusted data published by the Department of Commerce in Washington. Analysts relied on a downturn more important than 2%.
In October, the decline in retail sales was 2.9% (revised), the largest decline since the publication of statistics in 1992.
In addition, producer prices in November showed a steep decline of 2.2%, announced Friday the U.S. Department of Labor. Analysts predicted a decline of just 2%. This is the fourth consecutive month the indicator fell. It reached (ok, dropped) in October a record decline of 2.8%. But over the year, producer prices are still rising slightly, by 0.4%.
This new setback in November is attributable to the markets of energy raw materials, where prices fell by 11.2%. Producer prices of food (oils, meat, dairy products, vegetables) remained stable, although they had slightly fell the previous month. Producer prices of crude oil fell by 12.5%.
Inflationary pressures are significantly reduced, since excluding food and energy, producer prices rose by 0.1% over the month, against 0.4% in October. Over a year, the increase is 4.2%. The rise in producer prices, which had been 7.2% over the first seven months of the year, was stopped by the reversal in the oil market. The price of a barrel of crude, in the short span of five months, has lost about $ 100.
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