Consumer Cos Up After December Retail Sales Data - Consumer Roundup

Features Dow Jones Newswires

Shares of retailers and other consumer companies rose after strong reading of December sales growth. The Commerce Department reported sales at U.S. retailers, restaurants and websites rose a seasonally adjusted 0.4% in December from the prior month, causing Wall Street economists to boost their projections for fourth-quarter growth. Fears that the demise of the American mall was at hand have been mitigated by a rebound in sales for some bricks-and-mortar stores in recent months. Consumer inflation data from the Labor Department indicated that prices were rising, however, which could be a headwind for consumers if wage growth does not keep up.

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-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

January 12, 2018 16:28 ET (21:28 GMT)