• Retail trade group: Holiday sales up 5.5 percent

    6 monthes ago - By Chron

    NEW YORK - The nation's largest retail trade group says holiday spending rose a better-than-expected 5.5 percent, the strongest gain since the Great Recession.
    The National Retail Federation said Friday holiday sales reached $691.9 billion as shoppers stepped up their spending in the wake of a better economy. The results beat the group's original growth projections of 3.6 percent to 4 percent, and it marked the largest increase since the 5.2 percent gain in 2010.
    Online shopping, which is included in the results, increased 11.5 percent.
    The overall figure exclude sales from autos, gas and...
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  • Wall Street higher as consumer and bank stocks gain

    6 monthes ago - By Reuters

    Wall Street's main indexes were higher on Friday as strong December retail sales data drove gains in consumer stocks and bank results pushed up the financial sector.
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  • Holiday gift for retailers; sales up a solid 0.4 percent

    6 monthes ago - By Chron

    WASHINGTON - U.S. consumers shopped at stores and online outlets at a solid pace in December, closing out a healthy holiday season for retailers.
    The Commerce Department said Friday that retail sales rose 0.4 percent last month, after a 0.9 percent surge in November. Retail sales rose 4.2 percent in 2017, the most in three years.
    Strong holiday shopping should lift economic growth in the final three months of last year. Americans have been more confident about the economy and are more willing to spend. The unemployment rate is at a 17-year low of 4.1 percent.
    Online retailers reported a...
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  • Inflation watch: December consumer prices up just 0.1 pct

    6 monthes ago - By Chron

    WASHINGTON - Consumer inflation slowed in December to a tiny 0.1 percent gain as energy costs retreated from a big jump in November.
    The December increase in consumer prices followed a sharper 0.4 percent increase in November, the Labor Department reported Friday. The December gain was the smallest advance since October.
    Over the past 12 months, overall inflation is up 2.1 percent while core inflation, which excludes volatile food and energy costs, rose 1.8 percent. The overall 2.1 percent price increase was identical to the inflation gain in 2016 with both years up from tiny increases of...
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  • US consumer prices up tiny 0.1 percent in December as energy prices fell sharp 1.2 percent

    6 monthes ago - By Stl Today

    WASHINGTON - US consumer prices up tiny 0.1 percent in December as energy prices fell sharp 1.2 percent.
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  • US retail sales rose 0.4 percent in December, closing out strong holiday shopping season

    6 monthes ago - By Stl Today

    WASHINGTON - US retail sales rose 0.4 percent in December, closing out strong holiday shopping season.
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  • Rents boost U.S. core CPI; retail sales rise solidly

    6 monthes ago - By Reuters

    WASHINGTON - Underlying U.S. consumer prices recorded their largest increase in 11 months in December amid strong gains in the cost of rental accommodation and healthcare, bolstering expectations that inflation will accelerate this year.
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  • Retail Sales increased 0.4% in December

    Retail Sales increased 0.4% in December

    6 monthes ago - By Calculated Risk

    On a monthly basis, retail sales increased 0.8 percent from November to December , and sales were up 5.4 percent from December 2016.
    From the Census Bureau report :
    Advance estimates of U.S. retail and food services sales for December 2017, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $495.4 billion, an increase of 0.4 percent from the previous month, and 5.4 percent above December 2016.... The October 2017 to November 2017 percent change was revised from up 0.8 percent to up 0.9 percent
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  • U.S. retail sales rise; core sales revised sharply higher

    6 monthes ago - By Reuters

    WASHINGTON - U.S. retail sales increased in December as households bought a range of goods and figures for the prior month were revised higher, suggesting the economy exited 2017 with strong momentum.
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