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Friday, January 14, 2022

Retail Sales Decreased 1.9% in December

by Calculated Risk on 1/14/2022 08:38:00 AM

On a monthly basis, retail sales were decreased 1.9% from November to December (seasonally adjusted), but sales were up 16.9 percent from December 2020.

From the Census Bureau report:

Advance estimates of U.S. retail and food services sales for December 2021, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $626.8 billion, a decrease of 1.9 percent from the previous month, but 16.9 percent above December 2020.
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 down 2.0% 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 15.2% on a YoY basis.

Sales in December were well below expectations, and sales in October and November were revised down, combined.