Retailers Saw Record Sales in 2011

Ad Feedback

Retail sales reached a record level last year, despite sales barely rising in December.

Last month's small gain was enough to push sales to its largest annual increase in more than a decade.

"Although consumer spending is not particularly robust, households do continue to spend and provide moderate support for the overall economy," said Steven Wood, chief economist at Insight Economics.

The Commerce Department said Thursday that sales edged up 0.1 percent in December, bringing last month's total to a seasonally adjusted $400.6 billion.

For all of 2011, sales were up nearly 8 percent.

That's the largest percentage increase since 1999.

Log in or create an account to post a comment.  


Are you seeking answers in life? Are you hurting? Are you facing a difficult situation?

Find peace with God, discover more about God or send us your prayer request.

Call The 700 Club Prayer Center at 1 (800) 823-6053, 24 hours a day.

A caring friend will be there to pray with you in your time of need.

CBN News

CBN News is a national/international, nonprofit news organization that provides programming by cable, satellite, and the Internet, 24-hours a day. Follow us on Facebook, Twitter, and Google+.