Retail sales in the US increased 0.7% mom in November 2024, following an upwardly revised 0.5% rise in October and above forecasts of 0.5%. The data continued to point to a robust consumer spending during the holiday shopping season. Biggest increases were recorded for sales at motor vehicles and part dealers (2.6%) and nonstore retailers (1.8%). Increases were also seen for sporting goods, hobby, musical instrument, & book stores (0.9%); building material & garden equipment supplies dealers (0.4%); furniture (0.3%); electronics and appliances (0.3%); and gasoline stations (0.1%). In contrast, sales were flat at health and personal care stores and declined at miscellaneous store retailers (-3.5%); food services and drinking places (-0.4%); food and beverages stores (-0.2%); clothing (-0.2%); and general merchandise stores (-0.1%). Meanwhile, sales excluding food services, auto dealers, building materials stores and gasoline stations, which are used to calculate GDP, increased 0.4%. source: U.S. Census Bureau
Retail Sales in the United States increased 0.70 percent in November of 2024 over the previous month. Retail Sales MoM in the United States averaged 0.39 percent from 1992 until 2024, reaching an all time high of 18.80 percent in May of 2020 and a record low of -14.50 percent in April of 2020. This page provides - U.S. December Retail Sales Increased More Than Forecast - actual values, historical data, forecast, chart, statistics, economic calendar and news. U.S. Retail Sales - data, historical chart, forecasts and calendar of releases - was last updated on January of 2025.
Retail Sales in the United States increased 0.70 percent in November of 2024 over the previous month. Retail Sales MoM in the United States is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the U.S. Retail Sales is projected to trend around 0.40 percent in 2025, according to our econometric models.