Retail sales in the US jumped 9.8% mom in March of 2021, following a downwardly revised 2.7% fall in the previous month and easily beating market forecasts of a 5.9% gain. It is the biggest increase since May of 2020, as more businesses reopened, the $1,400 checks were sent starting in mid-March and the weather improved after unusually cold temperatures and winter storms in Texas and some other parts of the South region in February. Double-digit increases were seen for sporting goods (23.5%), clothing (18.3%), motor vehicles (15.1%), food services and drinking places (13.4%), building materials (12.1%), gasoline stations (10.9%), electronics and appliances (10.5%). Gains were also recorded for miscellaneous store retailers (9%), general merchandise stores (9%), nonstore retailers (6%), furniture (5.9%), health and personal care (5.7%) and food and beverages (0.7%). 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 18.30 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 May of 2021.
Retail Sales MoM in the United States is expected to be 1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales MoM in the United States to stand at 2.40 in 12 months time. In the long-term, the U.S. Retail Sales is projected to trend around 2.40 percent in 2022 and 0.40 percent in 2023, according to our econometric models.