U.S. retail sales, inventory data suggest strong fourth-quarter growth | Detroit Lakes Online
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People shop inside a Target store during Black Friday sales in the Brooklyn borough of New York, November 29, 2013. REUTERS/Eric Thayer

U.S. retail sales, inventory data suggest strong fourth-quarter growth

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By Lucia Mutikani

WASHINGTON - U.S. retail sales edged up in December with a core spending gauge posting a big jump, a sign the economy gathered steam at the end of last year and was poised for stronger growth in 2014.

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The Commerce Department said on Tuesday that retail sales gained 0.2 percent last month, even as receipts at automobile dealers recorded their biggest drop in more than a year.

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