Retail Sales Up 1.2%; Ex-Autos Gain 0.3%

Newman, Emily
January 2005
Bond Buyer;1/14/2005, Vol. 351 Issue 32050, p2
Trade Publication
The article reports that sales by U.S. retailers rose 1.2 percent in December 2004, the most since September to 349.4 billion dollar while retail sales excluding automobiles were up 0.3 percent. The retail sales increase followed an unrevised 0.1 percent hike in November. IFR BondData Americas' poll of economists had projected that retail sales would rise 0.8 percent. IFR BondData Americas' poll had forecast that sales excluding automobiles would increase 0.2 percent. On a year-over-year basis, total retail sales rose 8.7 percent from December 2003 and sales excluding motor vehicles and parts were up 8.6 percent over the year earlier period. The overall gain in retail sales was partly driven by an increase in motor vehicle and parts sales, which expanded by 4.3 percent. The increase followed the previous month's revised 1.0 percent drop, initially reported as a 1.3 percent decline.


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