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ber, sales increased only a modest 3.4 percent, after a decline of 8 percent in October.
Largely because of sluggish retail sales, “Fourth quarter spending was off to a slow start,” Mr. Pearson said. December sales, because of traditional Christmas season spending, rose somewhat, but he observed that ‘‘this was an acceleration, but not evidence of booming Christmas sales.”
Due to the trends reported by the bureau during the second half of 1986, Mr. Pearson said that he predicts “new car registrations and building permits will decline in 1987, and we expect further deceleration in Virginia’s overall growth.”
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89.1%