US Retail Sales Unexpectedly Fall 0.1%

Retail sales in the United States shrank 0.1 percent in December from November of 2015, below market expectations and following an upwardly revised 0.4 percent rise in the previous period, mainly due to lower sales of winter apparel and gasoline. Excluding autos, sales also fell 0.1 percent.

6 out of 13 major categories showed decline in sales while 6 rose and 1 was flat. The biggest drop was reported for miscellaneous store retailers (-2 percent), followed by sales at gasoline stations (-1.1 percent), general merchandise stores (-1 percent), clothing stores (-0.9 percent), food and beverages stores (-0.3 percent) and electronic appliance stores (-0.2 percent). Sales at motor vehicle & parts dealers were flat. 

In contrast, sales rose at sporting goods, hobby, book & music stores (0.9 percent), furniture stores (0.9 percent), food and services drinking places (0.8 percent), building material and garden equipment and supplies dealers (0.7 percent), nonstore retailers  (0.3 percent) and health and personal care stores (0.2 percent). 

Excluding autos, sales also fell 0.1 percent, following a downwardly revised 0.3 percent gain in the previous period. The so-called control group of sales – excluding automobiles, gasoline, building materials and food services – fell 0.3 percent after rising 0.5 percent in the previous month. 

US Retail Sales Unexpectedly Fall 0.1%

US Census Bureau | Joana Taborda |
1/15/2016 1:56:35 PM