Retail sales in December rose 5.4 percent from a year ago. They advanced 4.2 percent in 2017 compared to 3.2 percent in 2016. Economists polled by Reuters had forecast retail sales increasing 0.4 percent in December. Sales last month were supported by a 1.2 percent jump in receipts at gardening and building material stores. Sales at auto dealerships rose 0.2 percent. Sales at service stations were unchanged last month.
U.S. Retail Sales increased by 0.4%
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. The Commerce Department said on Friday that retail sales rose 0.4 percent last month. Data for November was revised to show sales gaining 0.9 percent instead of the previously reported 0.8 percent increase.
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