by Wolf Richter
Wolf Street
More consumers, more workers, more jobs, more money. GDPNow jumps upon these retail sales.
Retail sales rose by 0.45% in December from November (+5.5% annualized), and November and October were revised higher – October from +0.46% to +0.56%, and November from +0.69% to +0.77% – and it’s on top of these upwardly revised sales that December sales grew by another 0.45%, all seasonally adjusted.
The slow first half was followed by a blistering acceleration in the second half, particularly over the past four months.