Retail Sales in United States
The American economy recorded an average growth rate of 5.1% in retail sales over the decade to 2024, below Major Economies's average of 4.1%. In 2024, the United States's retail sales growth was 2.6%.
United States Retail Chart
Note: This chart displays Retail Sales (ann. var. %) for United States from 2014 to 2024.
Source: Macrobond.
United States Retail Data
2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Retail Sales (ann. var. %) | 0.7 | 18.1 | 9.1 | 3.5 | 2.6 |
Retail sales rebound in June
Latest reading: Retail sales grew 0.6% month-on-month in seasonally adjusted terms in June (May: -0.9% mom), easily beating market expectations. June's pickup was broad-based, with the motor vehicle and parts dealers, food and beverages and general merchandise stores sub-sectors all gaining steam. On an annual basis, retail sales rose at a faster rate of 3.9% in June (May: +3.3% yoy). Accordingly, the trend improved, with the annual average growth of retail sales coming in at 3.7% in June, up from May's 3.6%.
Panelist insight: TD Economics’ Ksenia Bushmeneva said: “The improvement in sales coincides with recent signs of stabilization in consumer confidence. Although still at a low level, sentiment has steadied in recent weeks as economic uncertainty eased somewhat, financial markets recovered, gas prices declined, and the labor market continued to churn out jobs.”
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects American retail projections for the next ten years from a panel of 4 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable retail forecast available for American retail.
Download one of our sample reports to visualize what a Consensus Forecast is and see our American retail projections.
Want to get access to the full dataset of American retail forecasts? Send an email to info@focus-economics.com.
Latest Global Retail News
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