Placeholder Image

Subtitles section Play video

  • There wasn't a whole lot of shopping going on in December.

  • In store or online.

  • Retail sales dropped in the United States for the third straight month, according to Commerce Department data released Friday.

  • Total sales were down a weaker than expected 0.7% in December, while online sales tumbled 5.8%.

  • The slowdown in retail spending came amid a new wave of job losses, looming expiration of jobless benefits at the end of December and renewed measures to slow the health crisis.

  • Consumers cut back on spending nearly across the board, with restaurants and bars among the hardest hit due to the shutdown of indoor dining in some states.

  • Elektronik and appliance stores were also at the top of the sales decline.

  • December's weak retail sales report adds further evidence, often economy that lost speed at the end of 2020.

  • Things could change, though, in coming months.

  • Congress did extend jobless benefits at the very end of the year and also approved $600 stimulus checks, so that should immediately provide a boost and there could be more to come.

There wasn't a whole lot of shopping going on in December.

Subtitles and vocabulary

Click the word to look it up Click the word to find further inforamtion about it