by Calculated Threat on 1/16/2025 10:12:00 AM
On a month-to-month foundation, retail gross sales elevated 0.4% from November to December (seasonally adjusted), and gross sales have been up 3.9 p.c from December 2023.
From the Census Bureau report:
Advance estimates of U.S. retail and meals providers gross sales for December 2024, adjusted for seasonal variation and vacation and trading-day variations, however not for value modifications, have been $729.2 billion, a rise of 0.4 p.c from the earlier month, and up 3.9 p.c from December 2023. … The October 2024 to November 2024 p.c change was revised from up 0.7 p.c to up 0.8 p.c.
emphasis added
Click on on graph for bigger picture.
This graph exhibits retail gross sales since 1992. That is month-to-month retail gross sales and meals service, seasonally adjusted (complete and ex-gasoline).
Retail gross sales ex-gasoline was up 0.4% in December.
The second graph exhibits the year-over-year change in retail gross sales and meals service (ex-gasoline) since 1993.
Retail and Meals service gross sales, ex-gasoline, elevated by 4.1% on a YoY foundation.
The change in gross sales in December have been barely under expectations, nonetheless gross sales in October and November have been revised up.
