Tuesday, January 14, 2014

Retail Sales Improved 0.2% in December

Retail sales grew modestly in December, rising 0.2% over the month. December’s report revised October and November’s headline numbers down by 0.1% each. Year-over-year growth was 4.1%, a slight decline from the previous month.

Food and beverage retailers saw strong gains in December, rising 2.0%. Clothing and accessories sales jumped 1.8%, following a month of decline. Electronics and appliances took a massive hit in December, dropping 2.5%. It is the second consecutive month decline.

The small gains reveal that consumers are still conservative, however sales should pick up in 2014.

Read the Census Bureau release.

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