Retail sales in the US edged up 0.3% mom in October, following a downwardly revised 1.6% gain in September and below forecasts of a 0.5% increase. Sales at motor vehicles dealers (0.4% vs 2.9%) and gasoline stations (0.4% vs 2%) rose at a slower pace while sales declined at furniture stores (-0.4% vs 0.6%); food and beverages (-0.2% vs 0.2%); health and personal care (-0.1% vs 1.3%); clothing (-0.2% vs 13.6%); sporting goods, hobby, musical instrument and book (-4.2% vs 8%); general merchandise stores (-1.1% vs 1.7%); miscellaneous retailers (-0.9% vs 1.1%); and food services and drinking places (-0.1% vs 2.4%). In contrast, sales rebounded at electronics and appliances (1.2% vs -1.1%) and nonstore retailers (3.1% vs -1.7) and rose faster at building material dealers (0.9% vs 0.4%). Retail sales could fall further in the coming months amid renewed restrictions to curb the spread of the coronavirus and as a government programs providing benefits to unemployed are set to expire. source: U.S. Census Bureau
Retail Sales MoM in the United States averaged 0.36 percent from 1992 until 2020, 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 November of 2020.
Retail Sales MoM in the United States is expected to be 0.90 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 0.40 in 12 months time. In the long-term, the U.S. Retail Sales is projected to trend around 2.40 percent in 2021 and 0.40 percent in 2022, according to our econometric models.