Wednesday October 21, 2020

US retail sales rise more than forecast in December

Retail sales in the US rose more than projected in December as Americans wrapped up their holiday shopping, showing households looked beyond the year-end budget battle among US lawmakers.

15th January, 2013
Consumer spending, which accounts for about 70 per cent of the economy, was boosted by an improving labour market.

Retail sales in the US rose more than projected in December as Americans wrapped up their holiday shopping, showing households looked beyond the year-end budget battle among US lawmakers.

The 0.5 per cent gain followed a revised 0.4 per cent increase in November that was more than previously reported, Commerce Department figures showed today in Washington. The median forecast of 83 economists surveyed by Bloomberg called for a 0.2 per cent rise. Sales excluding automobiles...

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