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Thursday, January 16, 2020

Retail Sales increased 0.3% in December

by Calculated Risk on 1/16/2020 09:08:00 AM

On a monthly basis, retail sales increased 0.3 percent from November to December (seasonally adjusted), and sales were up 5.8 percent from December 2018.

From the Census Bureau report:

Advance estimates of U.S. retail and food services sales for December 2019, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $529.6 billion, an increase of 0.3 percent from the previous month, and 5.8 percent above December 2018. Total sales for the 12 months of 2019 were up 3.6 percent from 2018.
emphasis added
Retail Sales Click on graph for larger image.

This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline).

Retail sales ex-gasoline were up 0.1% in December.

The second graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993.

Year-over-year change in Retail Sales Retail and Food service sales, ex-gasoline, increased by 5.5% on a YoY basis.

The increase in December was at expectations, however sales in October and November were revised down.