Retail sales in the US jumped 5.3 percent month-over-month in January of 2021, following an upwardly revised 1 percent drop in the previous month, and beating market forecasts of a 1.1 percent increase. It is the strongest gain since June, in a sign new stimulus checks helped to boost consumer spending. Biggest increases were seen in sales at electronics and appliance stores (14.7 percent); nonstore retailers (11 percent); furniture (12 percent); sporting goods, hobby, musical instruments (8 percent); and food and drinking places (6.9 percent). Core retail sales which exclude automobiles, gasoline, building materials and food services which correspond most closely with the consumer spending component of gross domestic product, surged 6 percent, rebounding from a 2.4 percent fall in December. source: U.S. Census Bureau
Retail Sales MoM in the United States averaged 0.37 percent from 1992 until 2021, reaching an all time high of 18.30 percent in May of 2020 and a record low of -14.70 percent in April of 2020. This page provides - U.S. December Retail Sales Increased More Than Forecast - actual values, historical data, forecast, chart, statistics, economic calendar and news. U.S. Retail Sales - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Retail Sales MoM in the United States is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales MoM in the United States to stand at 2.40 in 12 months time. Looking forward, we estimate Retail Sales MoM in the United States to stand at 2.40 in 12 months time.