Market Updates
U.S. Retail Sales Advanced In December
Brian Turner
17 Jan, 2024
New York City
Retail sales, adjusted for seasonal and calendar factors but not price changes, increased 5.6% from a year ago in December, the U.S. Census Bureau reported Wednesday.
Advance estimates of U.S. retail and food services sales for December 2023, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $709.9 billion, up 0.6% from the previous month.
Retail sales rose the most in eleven months, following a downwardly revised 4% rise in November.
Retail sales, unadjusted for price changes or inflation, increased 3.2% in the full year 2023.
Retail trade sales were up 0.6% from November 2023, and up 4.8% above last year.
Nonstore retailers were up 9.7% from last year, while food services and drinking places were up 11.1% from December 2022.
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