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U.S. Retail Sales decreased for the fifth month in a row in November according to a report by the U.S. Commerce Department released today. Advance estimates of November retail sales showed that sales decreased by 1.8 percent to $355.7 billion from October. On an annual basis, retail sales have decreased by 7.4 percent from the November 2007 level. Market forecasts were expecting a decrease of 2.0 percent for Novmeber following October's revised record decline of 2.9 percent.
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