Pursuits
Retail Sales Probably Climbed in December: U.S. Economy Preview
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Retail sales probably climbed for a sixth month in December, a sign consumers are contributing more to the U.S. expansion even as the labor market struggles to accelerate, economists said before a report this week.
The projected 0.8 percent gain in purchases would match the previous month’s increase, according to the median of 58 estimates in a Bloomberg News survey ahead of Commerce Department figures Jan. 14. Other reports may show industrial production advanced, while inflation remained muted.