Salem Radio Network News Saturday, January 28, 2023

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December retail sales fall 1.1% after slipping in November

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( ) -q-24- UNDATED (Correspondent Jeremy House) “early holiday shopping.”

Americans cut back on spending in December.

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TAG: Correspondent Jeremy House reporting.

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VERBATIM: It’s the second consecutive month they’ve done so, underscoring how inflation and the rising cost of using credit cards slowed consumer activity over the crucial holiday shopping season. The Commerce Department says retail sales fell 1.1% in December, following a revised 1% drop in November. In October, retail sales ticked up 1.3%, helped by early holiday shopping.

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