• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms
  • Community Reviews

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

U.S Retails Records Further Decline, Manufacturing Rise Beats Estimates

January 15, 2021 by Forex Winner Leave a Comment

U.S Retails Records Further Decline, Manufacturing Rise Beats Estimates

U.S retail sales fell 0.7% in December, a third straight month, showing that the economy lost speed at the end of 2020, according to Reuters. Manufacturing production rose 0.9% after advancing 0.8% in November, the eighth-month of straight gains and above expected 0.5%

  • Sales at restaurants and bars plunged 4.5%, online sales tumbled 5.8%, while receipts at electronics and appliance stores dropped 4.9%.
  • Excluding automobiles, gasoline, building materials, and food services, retail sales tumbled 1.9% after a downwardly revised 1.1% decline in November
  • Notable gains were recorded in auto dealerships which had a 1.9% rebound and clothing stores which saw a 2.4% increase in receipts
  • The fall in retail sales was attributed to job losses and renewed measures to control the spread of coronavirus.
  • Excluding autos, manufacturing output increased 1.1% while production at factories rose at an 11.2% annualized rate in the fourth quarter.  
  • Manufacturing activity was being supported by a shift in demand towards goods from services.
  • Despite a fall in retail sales, the economy is unlikely to slip back into recession due to increasing factory production and hopes of nearly $900 billion pandemic relief passed at the end of December
  • The economy is also likely to be supported by President-elect Joe Biden’s $1.9 trillion fiscal stimulus plan which could spur household spending 
  • Overall, the economy grew at a 33.4% rate in the third quarter, after contracting 31.4% in the April-June quarter.

U.S stocks are currently declining as the dollar gains. SPY is down 0.50%, QQQ is down 0.34%, EURUSD is down 0.44%

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

Bitcoin surge triggers investment boom in Europe and America, investors flock to Mint Miner

July 12, 2025

Bitcoin Hits Record $113K as $575M in Shorts Get Liquidated – TokenPost

July 11, 2025

Govt enacts law to regulate VAs, plans pilot for digital currency – Daily Times

July 10, 2025

Footer

Forex Broker Reviews

Binarycent

Binarycent Review

June 14, 2019 By Forex Winner

Darwinex

Darwinex Review

May 14, 2020 By Forex Winner

Trading 212

Trading 212 Review

April 25, 2019 By Forex Winner

Forex Robot Reviews

Earn2Trade Review

August 20, 2023 By Shandor Brenner

FundedNext Review

August 16, 2023 By Shandor Brenner

Topstep Forex Review

August 14, 2023 By Shandor Brenner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2025 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure