Holiday Retail Sales Soared, With Biggest Increase Since Recession

Last updated: 01-13-2018

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Shoppers came out in force during the holidays, driven by a strengthening economy, high consumer confidence and rebuilding efforts after a season of natural disasters across the country. Retail sales during November and December increased 5.5 percent, to about $692 billion, from a year earlier, according to data released Friday by the National Retail Federation. It was the largest increase in holiday sales since the recession of 2008, exceeding the federation’s forecast of $682 billion, or growth of about 4 percent.

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