Economics

Retail Sales Probably Rose in December: U.S. Economy Preview

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Sales at U.S. retailers probably rose in December as Americans bought discounted holiday items, a sign the economy picked up heading into 2012, economists said before a report this week.

The projected 0.3 percent gain in purchases would follow a 0.2 percent advance in November, according to the median forecast of 56 economists surveyed by Bloomberg News ahead of Commerce Department figures on Jan. 12. Other data may show consumer confidence rose this month.