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Tuesday September 25th, 2018 7:13PM

US retail sales rise 0.4 percent amid solid holiday shopping

By The Associated Press

WASHINGTON (AP) — U.S. consumers shopped at stores and online outlets at a solid pace in December, closing out a healthy holiday season for retailers.

The Commerce Department said Friday that retail sales rose 0.4 percent last month, after a 0.9 percent surge in November. Last year, retail sales rose 4.2 percent, the most in three years.

Strong holiday shopping should lift economic growth in the final three months of last year. Americans have been more confident about the economy and are more willing to spend. The unemployment rate is at a 17-year low of 4.1 percent.

Online retailers reported a strong sales gain of 1.2 percent. Department and general merchandise stores, which include Macy's as well as Target and warehouse clubs, saw sales rise by just 0.1 percent.

  • Associated Categories: Associated Press (AP), AP Business, AP Business - Economy, AP Business - Personal Finance
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