14-Jan-2012 - US retail sales rise in December

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12 January 2012 Last updated at 14:18 GMT US retail custom nhl jerseys sales continue upward crawl in December US retail sales continued their upward crawl in December, rising 0.1% in the month according to initial estimates. It was the slowest growth rate in seven months according to the Commerce Department. But November's increase was revised up from 0.2% to 0.4%. Spending at department stores and on electronic goods was particularly weak over the Christmas period. Despite sales growth tailing off late in the year, December 2011's figure was up a healthy 7.7% compared with 2010. Weak demand Spending at electronics and appliance stores fell 3.9% in the month. Core retail sales - which exclude volatile and price-driven items such as cars, petrol and building nike nfl jerseys materials - fell 0.2%, suggesting that underlying consumer demand was weaker than the headline figure implied. Consumption accounts for approximately 70% of the US economy. Sales have buy NFL Jerseys now risen 20.4% above the low reached during the 2008-09 recession, and 5.9% above the pre-recession peak. The December figure disappointed markets, which had been expecting an increase of about 0.4% for the month.

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