WKYT | Lexington, Kentucky | News

Retail sales up in Dec., ending 2011 with record

WASHINGTON (AP) - Retail sales barely rose in December, but the gain was enough to push sales to a record level for 2011. It was the largest annual increase in more than a decade.

The Commerce Department says sales edged up 0.1 percent in December to a seasonally adjusted $400.6 billion. It was the second straight month that sales have topped $400 billion. Never before had monthly sales reached that level.

The government revised the November performance to show a stronger 0.4 percent gain, double the original estimate. That pushed sales in November to $400.6 billion on a seasonally adjusted basis.

For all of 2011, sales totaled a record $4.7 trillion, a gain of nearly 8 percent over 2010. It was the largest percentage increase since 1999.


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