US Retail Sales Disappoint in December

Retail sales shrank 0.9 percent in December, following a 0.4 percent gain in the previous month that was smaller than previously estimated. It is the biggest drop since January as demand fell for nine of thirteen major categories.

Sales at gasoline stations recorded the highest decrease (-6.5 percent) as price of petrol become cheaper. The receipts also fell at: electronics and appliance stores (-1.6 percent); auto dealers (-0.3 percent); clothing retailers (-0.3 percent); online stores (- 0.3 percent), sporting goods stores (0.2 percent), miscellaneous store retailers (-1.9 percent) and building material and garden dealers (-1.9 percent).

In contrast, receipts rose at: furniture stores (0.8 percent), grocery stores (0.3 percent) and health care stores (0.5 percent). 

Core sales, which strip out automobiles, gasoline, building materials and food services fell 0.4 percent, following a 0.6 percent rise in November. Excluding automobiles, sales dropped 1 percent (+0.1 percent in the previous month). 

Year-on-year retail sales rose 3.2 percent. Total sales for the 12 months of 2014 were up 4.0 percent from 2013.

US Retail Sales Disappoint in December

US Commerce Department | Joana Taborda |
1/14/2015 2:51:36 PM