NEW YORK Jan 15 U.S. shoppers held back
somewhat during the 2012 holiday season, spending only 3 percent
more than a year earlier, the National Retail Federation said on
Tuesday, as concerns about the economy pushed shoppers to
curtail their spending.
The trade group's data, based on U.S. government figures,
fell short of the NRF's own forecast, which called for a 4.1
percent jump. The NRF looks at U.S. sales from November and
December excluding automobiles, gasoline stations and
Total spending during the holiday season rose to $579.8
billion, the NRF said.
(Reporting by Phil Wahba and Jessica Wohl in New York; Editing
by Gerald E. McCormick)