Retail sales in the United States increased 0.3 percent month-over-month in December of 2019, following an upwardly revised 0.3 percent gain in the previous month and matching market expectations. Sales rebounded for food and drinks, clothes, and electronics and appliances and rose faster for gasoline. In contrast, sales of motor vehicles declined. Core retail sales which exclude autos, gasoline, building materials and food services jumped 0.5 percent after falling 0.1 percent in November. Year-on-year, retail sales went up 5.8 percent, higher than 3.3 percent in November. It is the biggest annual increase since August of 2018. Considering full 2019, retail sales went up 3.6 percent, after a near 5 percent gain in 2018 which was the largest in six years and reflected a boost from tax cuts.
Retail Sales MoM in the United States averaged 0.35 percent from 1992 until 2019, reaching an all time high of 6.70 percent in October of 2001 and a record low of -3.90 percent in November of 2008. This page provides - U.S. December Retail Sales Increased More Than Forecast - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: U.S. Census Bureau
Retail Sales MoM in the United States is expected to be -0.20 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 0.40 percent in 2020, according to our econometric models.