Retail sales fell 1.1% in December

by calculated risks 1/18/2023 08:40:00 AM

On a monthly basis, retail sales decreased 1.1% from November to December (seasonally adjusted), and sales increased 6.0% from December 2021.

From the Census Bureau report:

The advance estimate for December 2022 US retail and food service sales, adjusted for seasonal changes, holiday differences and trading days, but not for price changes, was $677.1 billion, down 1.1 percent from the previous monthbut it increased by 6.0% from December 2021.
Affirmations added

Click on the chart for a larger image.

This graph shows retail sales since 1992. These are monthly retail and food service sales, seasonally adjusted (ex gross and former gasoline).

Retail sales excluding gasoline fell 0.8% in December.

The second graph shows the annual change in retail sales and food service (formerly gasoline) since 1993.

Retail, food service and ex-gasoline sales rose 6.8% year over year.

Annual change in retail sales
Sales in December were below expectations, and sales in October and November were revised downward, combined.

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