Retail sales soared 2.9% in the week ended December 22, after surging 2.4% in the prior week, according to the weekly retail sales report released by Johnson Redbook Wednesday.

December was up 2.4% from December 2011 (relative to a target of a 2.6% gain), but was flat from November (relative to a target of a 0.2% gain).

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.