US Retail Sales Rise By Most in Three Months to Cap Holidays
- Value of purchases rose 0.6% in December in broad advance
- Clothing, general merchandise and e-commerce led gains
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US retail sales rose at the strongest pace in three months in December, capping a solid holiday season that suggests consumer resilience heading into the new year.
The value of retail purchases, unadjusted for inflation, increased 0.6% in a broad-based advance, Commerce Department data showed Wednesday. Excluding autos, sales rose 0.4%.