1/16, 2:30 PM (Source: TeleTrader)
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US retail sales rise 0.3% in December

Seasonally adjusted advance estimates of retail and food services sales for December in the United States increased by 0.3% to $529.6 billion compared to the previous month, the US Census Bureau said in a report released on Thursday. On an annual basis, retail and food services sales were up 5.8%.

Retail trade sales rose 0.4% in the last month of 2019 compared to November and jumped 6% year-on-year. Nonstore retailers soared 19.2% compared to the previous year, while gasoline stations sales grew by 11.3%.

The retail and food services sales figure for November was revised upward from a rise of 0.2% to an increase of 0.3%.

Breaking the News / NP