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Daily Digit: Sales Up 5.2% in 2012
The Daily Digit today is 5.2. U.S. retail sales were up 5.2% in 2012, and ended the year with a bang as Americans shrugged off the threat of higher taxes and bought cars, furniture and clothes. Internet spending was also a bright spot. The gains could be another good sign for fourth-quarter growth. Despite an uptick in first-time applications for jobless claims, the labor market continues to grow at a moderate pace, which supports consumer spending.
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