U.S.

ECONOMY

U.S. Retail Spending, Manufacturing Drop as Omicron

and Inflation Surge
Retail sales dropped 1.9% in December, a big slowdown at the holiday season’s end; manufacturing
output fell for first time since September

By
Gabriel T. Rubin
Updated Jan. 14, 2022 5:16 pm ET

Listen to article (2 minutes)

U.S. retail spending and manufacturing slowed at the end of 2021 as the Covid-19 Omicron
variant and inflation surged, early signs the latest complications from the pandemic could
be weighing on the economy.

Sales at retail stores, online and restaurants dropped by 1.9%, damping the end of the
holiday shopping season, the Commerce Department said on Friday. December’s sharp
decline followed record-level retail sales that started with a 1.8% gain in October from the
prior month.

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