The US Department of Commerce reports that retail sales rose 1.2 percent during December, to a seasonally adjusted $307.97 billion. Excluding autos and parts, sales were flat, according to the department.
Overall retail sales during 2002 advanced 3.4 percent, the smallest annual gain since 1993.
Overall retail sales during 2002 advanced 3.4 percent, the smallest annual gain since 1993.
- KC's View:
- With all due respect to the Secretary of Commerce, that doesn’t sound like a 15-month old recovery to us…
