Economy Watch Weekly: Retail Sales Way Up in 2017
January 16, 2018
The retail sector ended 2017 on a high note, experiencing a 5.4 percent increase in sales from last year, according to the U.S. Census Bureau. Economy Editor Dees Stribling discusses which categories fared best, for the week ending Jan. 12, 2018.
U.S. retail and food service sales enjoyed a 0.4 percent increase in December, according to the U.S. Census Bureau, indicating that despite some challenges, the retail sector is still performing well. Even more impressive was the 5.4 percent increase in retail sales from a year ago. Economy Editor Dees Stribling breaks down the retail sector’s performance by category and discusses how inflation factors into the scenario, for the week ending Jan. 12, 2018.
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