The Commerce Department says retail sales dropped 2.7 percent last month, more than double the 1.2 percent decline that Wall Street expected.
The weakness in consumer spending has been a prime contributing factor to the economy's current swoon and analysts say they don't see that turning around soon. They predict the current recession, already the longest in a quarter-century, will continue at least until the second half of this year.
http://accesswdun.com/article/2009/1/216823