Very bad December retail sales report. Yearly sales growth including food services fell from 3.7% to 2.9%. 68% of manufacturing sectors were in contraction in December.

January 22, 2021 9:59 am by IWB

68% of manufacturing sectors were in contraction in December.

This is still the beginning of the cyclical recovery.
(h/t) @GregDaco pic.twitter.com/9xiG3rjeiT

— UPFINA (@UPFINAcom) January 22, 2021

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