Keeping you up to date on the latest data releases.
- Retail Sales
Retail sales undershot expectations, rising 0.6 percent in December, following an upwardly revised 0.8 percent gain in November. On a year-over-year basis, retail sales are now up 7.9 percent. Across broad categories, sales were mixed: autos, gasoline stations, furniture and home furnishing stores, health and personal care, and nonstore retailers all posted gains. However, sales at electronics and appliance stores, food and beverage stores, clothing stores, department stores, and miscellaneous store retailers decreased. A somewhat cleaner measure of the trend in retail sales—sales excluding autos, building supplies, and gas stations—increased 0.2 percent in December and are trending at an annualized rate of 5.9 percent over the past three months, in line with its 12-month growth rate of 5.6 percent.