Keeping you up to date on the latest data releases.
- Retail Sales
Total retail sales increased at a nonannualized rate of 0.2 percent in December and year-over-year sales are up 4.1 percent. Auto sales decreased 1.8 percent and over the past 12 months, retail sales excluding autos are up 3.7 percent. Contributing to the monthly gain in total sales were improvements for food and beverages (up 2.0 percent), clothing and accessories (up 1.8 percent), and gasoline stations (up 1.6 percent). Sectors that saw the largest declines in December were electronics and appliances (down −2.5 percent), motor vehicles and parts (down −1.8 percent), and sporting goods and hobbies (down −0.6 percent). A less volatile indicator of sales growth, “core” retail sales (which excludes sales of autos, building supplies, and gas stations) increased 0.6 percent in December, while year-over-year core retail sales are up 4.2 percent.