WASHINGTON—Americans splurged on cars and online shopping during the holidays, but not much else. Sales at U.S. retailers and restaurants rose 0.6% in December from a month earlier, capping another year of healthy spending by households that helped extend the economy’s long expansion, the government said Friday. Retail sales rose 3.3% in 2016, faster than the prior year’s gain of 2.3% but similar to the underlying trend during this...

Source: Wall Street Journal January 13, 2017 13:35 UTC