Market Updates
Retail Sales In December Dropped 1.1%, Full-Year 2022 Sales Up 9.2%
Brian Turner
18 Jan, 2023
New York City
Retail and food services sales in December declined 1.1% from November, the U.S. Census Bureau reported Wednesday.
December retail sales declined 1.1% from the previous month after adjusting for seasonal variations and trading day differences but not adjusted for price changes.
Total sales for the 12 months of 2022 were up 9.2% from 2021.
Retail trade sales in December were down 1.2% from November 2022, but up 5.2% above last year.
December non-store retailers rose 13.7% from a year ago while food services and drinking places sales were up 12.1% from last year.
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