Retail Sales Ascend Solidly

Summary


Retail sales, helped by sizzling activity in auto showrooms, jumped by 1.2 percent in December, providing a solid finish to a year in which sales climbed at the fastest pace since 1999.

The December increase in retail sales pushed total spending for the month to a seasonally adjusted $349.4 billion, the Commerce Department reported Thursday.

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Extract


Retail Sales Ascend Solidly

The December gain followed a much smaller 0.1 percent rise in November and reflected the fact that consumers were spending...

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