US Retail Sales Rise More Than Forecast in December

In December of 2013, US retail sales increased 0.2 percent, down from a revised 0.4 percent in November but above market expectations. Retail sales excluding automobiles, gasoline, building materials and food services, increased 0.7 percent last month after a 0.2 percent rise in November.

Advance estimates of U.S. retail and food services sales for December, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $431.9 billion, an increase of 0.2 percent from the previous month, and 4.1 percent above December 2012. 

Total sales for the 12 months of 2013 were up 4.2 percent from 2012. Total sales for the October through December 2013 period were up 1.0 percent from the same period a year ago. The October to November 2013 percent change was revised from +0.7 percent to +0.4 percent. 

Retail trade sales were up 0.2 percent from November 2013, and 4.0 percent above last year. Nonstore retailers were up 9.9 percent from December of 2012 and auto and other motor vehicle dealers were up 6.2 percent from last year. 

US Retail Sales Rise More Than Forecast in December

U.S. Census Bureau | Joana Taborda |
1/14/2014 1:56:31 PM