American shoppers wrap up the year in a spending mood, boding well for the U.S. economy
FILE - A shopper looks at handbags at Macy's department store on Sunday, Nov. 24, 2024, in New York. (AP Photo/Anne D'Innocenzio, File)
American consumers wrapped up the year in a spending mood, buying all sorts of merchandise from furniture to clothing and eating out at restaurants, according to the latest government snapshot.
The figures, announced Thursday, marked a clear sign that consumers are still able and willing to shop, and the data bodes well for 2025 even as shoppers remain deal-focused.
Retail sales rose 0.4% in December from the previous month, the Commerce Department said, though down from November's upwardly revised 0.8% gain.
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