Economy on Track as Retail Sales Jump
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A surprisingly big climb in U.S.  retail sales in September and a larger-than-expected gain in  underlying producer prices bolstered hopes for an economic  revival and views the Federal Reserve will keep raising  interest rates.
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U.S. stock futures jumped on Friday,  pointing to a firm market open, after a government report  showed U.S. September retail sales rose higher-than-expected.
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Retail sales, helped by sizzling activity in auto showrooms, jumped by 1.2 percent in December, providing a solid finish to a year in which sales climbed at the fastest pace since 1999.
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Retail sales rose more than twice as much as expected in May, while import prices surged, adding to recent data suggesting the U.S. economy is recovering strongly after a slowdown in the first quarter.
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Stocks rose on Thursday and the Dow climbed to an intraday record after major retailers issued reassuring monthly sales figures and outlooks, a sign consumer spending will continue to support economic growth.
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U.S. retail sales jumped a  more-than-expected 1.2 percent in December, but first-time  jobless claims posted a surprise climb and import prices dipped  more than anticipated, government reports showed on Thursday.
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U.S. retail sales rose by an unexpectedly large 1.5 percent in September, propelled by the sharpest jump in auto sales in nearly three years, according to a government report on Friday that bodes well for economic growth in the third quarter.
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The economy headed into the summer with strong momentum, propelled by a manufacturing rebound and consumers who eagerly went shopping and sightseeing despite high gas prices.
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WASHINGTON -- Shoppers put aside worries about the slumping economy to go to the malls and auto dealerships in January. That propelled retail sales to a surprising rebound following a dismal December.
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U.S. retail sales jumped a more-than-expected 1.2 percent in December, the government said on Thursday, as car dealers, furniture stores and on-line retailers reported strong sales.
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A large climb in September U.S.  retail sales and bigger-than-expected gains in underlying  producer prices boosted hopes for stronger growth and bets that  the Federal Reserve will continue to raise interest rates.
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U.S. retail sales rose 0.1 percent in November, the Commerce Department said on Monday in a stronger-than-expected report that cemented views the Federal Reserve will raise interest rates again this week.
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The pound has received a boost from higher-than-expected retail sales figures for November.
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U.S. retail sales rose by 0.2  percent in October, the Commerce Department said on Friday,  matching expectations after a sharp drop in auto sales was  offset by solid growth in other areas.
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U.S. chain store retail sales rose in  the latest week, as consumers picked up the pace of holiday  shopping, a retail report said on Tuesday.
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Retail sales rose a strong 1.2  percent in November in a bright sign for the holiday shopping  season, but producer prices posted their biggest gain in 34  years, offering a reminder that rising costs are weighing on  the economy.
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Chain store sales rose more than  expected last week mainly due to back-to-school shopping, in a  sign that consumers continue to spend despite a weaker economy,  two reports showed on Tuesday.