Latest Retail Sales Report Supports Growth Outlook Despite Modest Pace
December 2024 retail sales were positive but slightly below expectations, with a monthly increase of 0.4%. Four consecutive retail expansions bode well for Q4 2024 GDP.
US retail sales rose modestly last month amid solid holiday shopping, boosting economy
Americans stepped up their spending at retail stores and restaurants last month in a clear sign that consumers are still able and willing to shop.
Retail sales point to a robust holiday shopping season. U.S. economy starts off 2025 with some momentum.
Retail sales rose at a solid pace in the final month of 2024, capping off a good holiday shopping season and suggesting the economy entered the new year with some momentum.
US Retail Sales See Slower Growth In December
Retail sales in the United States grew at a slower rate in December, according to government data released Thursday, but remained solid on a boost from gas stations and autos.
Retail Sales Grew Modestly In December
Retail and food services sales for December 2024 continued to grow, proving that despite an inflationary economy, Americans are still shopping.
Winners and losers from the December Retail Sales Report
Retail Sales report on Thursday showed sales were up solidly, but came in below expectations, with the headline print of +0.4% trailing both the consensus mark of +0.6% and November's growth of +0.8%.
December retail sales grow less than expected, November sales revised higher
The December retail sales report comes as investors are closely watching for signs of health in the consumer as the Federal Reserve is expected to hold interest rates higher for longer than initially hoped.
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