US Retail Sales Broadly Advance, Capping a Solid Holiday Season
- Value of purchases rose 0.4% in December after upward revision
- Control-group sales climbed 0.7%, boding well for 4Q growth
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US retail sales broadly advanced in December, indicating strong consumer demand to wrap up the holiday season.
The value of retail purchases, not adjusted for inflation, increased 0.4% after an upwardly revised 0.8% gain in November, Commerce Department data showed Thursday. Excluding autos and gasoline, sales climbed 0.3%.