U.S. retail sales increased by 0.4% in December, below expectations, with mixed performances across sectors.

From Nasdaq: 2025-01-16 09:58:46

The Commerce Department reported that retail sales in the U.S. increased by 0.4 percent in December, falling short of economists’ expectations. Sales by motor vehicles and parts dealers grew by 0.7 percent, while excluding auto sales, retail sales still rose by 0.4 percent. Core retail sales, excluding certain categories, climbed by 0.7 percent. Sales by miscellaneous store retailers, sporting goods stores, and furniture stores saw significant growth. However, building material sales and spending at restaurants declined. Overall, retail sales in December were boosted by increased gasoline station sales, according to Oxford Economics.



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