U.S. Retail Sales Advanced 0.2% in December, Outpacing Expectations (XRT)
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Retailers are on watch following economic data out earlier Tuesday showing a pop in U.S. retail sales last month.
The U.S. Commerce Department reported that consumer purchases advanced 0.2 percent in December, down from a revised-lower 0.4 percent gain in November, but above estimates looking for a flat report.
Sales excluding autos rose 0.7 percent in December, up from 0.1 percent the prior month and consensus estimate calling for a 0.4 percent gain.
Gains were seen across food store, pharmacies, restaurants, and clothing retailers.
Total retail sales for 2013 rose 4.2 percent, compared with a 5.4 percent gain in 2012.
The official report from the Census.gov website can be accessed here (in pdf format).
Active today is the SPDR S&P Retail (NYSE: XRT) ETF, up 0.6 percent in early trading.
The U.S. Commerce Department reported that consumer purchases advanced 0.2 percent in December, down from a revised-lower 0.4 percent gain in November, but above estimates looking for a flat report.
Sales excluding autos rose 0.7 percent in December, up from 0.1 percent the prior month and consensus estimate calling for a 0.4 percent gain.
Gains were seen across food store, pharmacies, restaurants, and clothing retailers.
Total retail sales for 2013 rose 4.2 percent, compared with a 5.4 percent gain in 2012.
The official report from the Census.gov website can be accessed here (in pdf format).
Active today is the SPDR S&P Retail (NYSE: XRT) ETF, up 0.6 percent in early trading.
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