Consumer Spending Declines in December
Washington, DC, Jan. 14, 2015 -- U.S. consumer spending last month decreased a seasonally adjusted 0.9% from November, the Commerce Department said Wednesday.
That was the largest monthly decline since last January.
Excluding gasoline sales, spending fell 0.4%.
Economists had expected overall sales to fall 0.2%.
For all of 2014, retail sales rose 4%, down slightly from a 4.1% increase in 2013.