Retail Sales in USA
USA - Retail Sales
Retail sales rebound robustly in January
Retail sales soared 5.3% in month-on-month seasonally-adjusted terms in January, contrasting December's 1.0% decrease and marked the strongest rise since June 2020. The rebound was driven by a broad-based increase among all sectors, but sales at electronics and appliances, motor vehicle and parts dealers, and food services stores jumped notably in January compared to the previous month.
On an annual basis, retail sales rose 7.4% in January (December: +2.5% yoy), the best result since September 2011. Meanwhile, annual average retail sales growth rose to 0.6% in January (December: +0.4%).
Commenting on January’s print, Maria Solovieva, senior economist at TD Economics, noted:
“The latest income support measures and almost $2.4 trillion in accumulated savings provided a firm footing for American consumers to loosen their purse strings and make up for a muted holiday retail season. Retail sales are likely to continue to experience solid growth. […] Congress is working on another deal to provide more support to households. There is no official deadline, but it could be enacted before the expiration of the extended unemployment benefits in mid-March. Almost half the package is penciled in for direct support or extension of unemployment benefits, which should augment spending further.”
FocusEconomics Consensus Forecast panelists see private consumption growing 4.3% in 2021, which is up 0.2 percentage points from last month’s forecast. For 2022, the panel sees private consumption increasing 3.1%.
United States - Retail Sales Data
|Retail Sales (annual variation in %)||2.6||3.0||4.3||4.5||3.6|
5 years of economic forecasts for more than 30 economic indicators.
United States Retail Sales Chart
United States Facts
|Bond Yield||1.92||-0.43 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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February 23, 2021
Consumer confidence came in at 91.3 in February, up from January's 88.9.
February 23, 2021
The S&P/Case-Shiller 20-city composite home price index—excluding Detroit due to reporting delays—increased 0.8% month-on-month in December down from November’s 1.1% rise.
February 17, 2021
Retail sales soared 5.3% in month-on-month seasonally-adjusted terms in January, contrasting December's 1.0% decrease and marked the strongest rise since June 2020.
February 5, 2021
Total non-farm payrolls increased a modest 49,000 in January, virtually meeting analysts’ expectations of a 50,000 increase.
February 1, 2021
The Institute for Supply Management (ISM) manufacturing index ticked down to 58.7 in January from 60.5 in December, and missed market expectations of a 60.0 reading.