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Retail Sales Held Up In December

WASHINGTON (UPI) — Retail sales rose 0.5 percent in December and sales for the year rose 5.2 percent, the U.S. Census Bureau said Tuesday.

 

 

 

Sales held up in December despite talk of an impending “fiscal cliff” calamity that made headlines and shook stock markets. Consumers, however, kept spending, data shows.

 

 

 

Core spending, which excludes the more volatile categories of automobiles, building materials and gas station sales, rose 0.6 percent. Sales at gas stations fell by 1.6 percent, which is in line with the drop in gasoline prices, indicating demand for gasoline did not slack off in December.

 

 

 

Motor vehicle sales rose 1.8 percent in December. Sales of building supplies were unchanged in the month.

 

 

 

Retail minus automobiles rose 0.3 percent in the month.

 

 

 

The bureau adjusted its November sales figure higher. Previously reported at a 0.3 percent gain, the bureau revised that to 0.4 percent.

 

 

 

Sales for the month totaled $415.7 billion. For the fourth quarter, sales were up 4.2 percent compared to the fourth quarter of 2011.

 

 

 

The bureau said retailer sales rose 4.4 percent in December from December 2011. Non-store retail sales, including Internet and catalog sales, rose 12.6 percent from December 2011.

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  • anonymous

    the only reason that spending is up is because of massive inflation, most people are fooled by the increase into thinking things are getting better.people are buying less but paying more for it now, most common items have increased in price up to 30% just in 2012 so buying would have to increase more than 30% to have an actual increase in the economy-that includes gas prices as well.In conclusion, the whole economy has dropped about 25% this year.

    for example-my food bill(i have bought the same items for the last few years) in 2012 averaged 140 per week-in 2011 it averaged 100.00 per week-going back to 2007 it averaged 55.00 per week.

    in 2012 my gas averaged 200.00 per week-in 2011 it averaged 160.00 per week-in 2010 it averaged 140.00 per week-going back to 2007 it averaged below 100.00 per week i have put very close to the same mileage on it every year except i got a new car in 2012 that gets 5 miles per gallon better than previous years.

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