Retail Sales Up 0.5% for December

Seasonally adjusted U.S. retail and food services sales increased 0.5% to $415.7 billion for December, according to a Commerce Department report [link opens in PDF] released today.

Market analysts had expected a 0.2% bump after November's revised 0.4% increase. Compared to December 2011, overall retail and food services sales have grown by 4.7%. 

Source: Census.gov. 

Improvements in auto sales drove much of the improvement over the last month and year. Not accounting for auto sales, retail sales rose just 0.3% for December and fell 0.1% in November.

Among the biggest gainers since last December are nonstore retailers (12.6%), miscellaneous store retailers (9.9%), and sporting goods, hobby, book & music stores (9.1%). The only business with falling sales is general merchandise stores, down 2% in the last year .

link


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2197313, ~/Articles/ArticleHandler.aspx, 4/23/2014 12:33:05 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement