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US December retail sales surprise to the upside
December retail sales revealed further signs of economic growth to end 2023, underscoring how the US consumer remains in a better position than many have feared. Retail sales grew 0.6% December, according to Census Bureau data. Economists had expected a 0.4% increase. November retail sales had posted a surprise 0.3% increase. December sales excluding auto and gas increased by 0.6% compared to estimates for a 0.3% increase compiled by Bloomberg.many have feared. The December report is expected to be closely watched by investors who are looking for signs of a "soft landing" in the US economy where inflation cools to ... (full story)
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