Friday, January 12, 2018

US retail sales rise, while core sales are revised sharply higher


U.S. retail sales increased in December as households bought a range of goods and figures for the prior month were revised higher, suggesting the economy exited 2017 with strong momentum.

The Commerce Department said on Friday that retail sales rose 0.4 percent last month. Data for November was revised to show sales gaining 0.9 percent instead of the previously reported 0.8 percent increase.

Retail sales in December rose 5.4 percent from a year ago.. . . more