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US Retail Sales Decline in December

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US retail and food services sales declined in December from the previous month, with nearly all sectors posting a drop during the month.

Source: US Census Bureau

Advance estimates of sales for December stood at $626.8 billion, 1.9% lower than November’s $639.1 billion but 16.9% higher than the sales recorded in the same month of 2020.

Retail trade sales slipped 2.1% from November, but 14.4% higher than the same month in 2020. Gasoline stations climbed 41%, and food services and drinking places jumped by 41.3%.

The biggest share was accounted for by motor vehicle and parts dealers, followed by nonstore retailers, food and beverage stores, general merchandise stores, gasoline stores, and health and personal care stores.

Full-year sales climbed 19.3% from 2020, with the fourth-quarter figure up 17.1% from the previous year. The November growth was downgraded to 0.2% from 0.3% previously reported.

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