US retail sales sank 1.9% mom in December, the biggest decline since February of 2021, and ending 4 straight months of strong growth amid rising omicron infections, a surge in inflation and as a large share of holiday shopping was pushed to earlier months on expectations of shipping delays. Figures compare with market forecasts of a flat reading. Biggest declines were seen in nonstore retailers (-8.7%), furniture stores (-5.5%), sporting goods (-4.3%), clothing (-3.1%), electronics (-2.9%) and general merchandise stores (-1.5%). A fall was also seen in sales at food services and drinking places (-0.8%), gasoline stations (-0.7%), food and beverages stores (-0.5%) and auto dealers (-0.4%). Year-on-year, retail sales increased 16.9% however, as historically high price increases continue to weigh. source: U.S. Census Bureau
Retail Sales MoM in the United States averaged 0.39 percent from 1992 until 2021, reaching an all time high of 18.20 percent in May of 2020 and a record low of -14.70 percent in April of 2020. This page provides - U.S. December Retail Sales Increased More Than Forecast - actual values, historical data, forecast, chart, statistics, economic calendar and news. U.S. Retail Sales - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.
Retail Sales MoM in the United States is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the U.S. Retail Sales is projected to trend around 1.00 percent in 2023 and 0.40 percent in 2024, according to our econometric models.