United States: Retail sales continue to steam ahead in December
January 15, 2013
In December, retail sales gained 0.5% over the previous month in nominal terms. The figure came in above the revised 0.4% rise seen in November (previously reported: +0.3% month-on-month) and beat market expectations, which had anticipated a 0.2% increase. Only two out of the 13 subcategories composing the index dropped in December, while motor vehicle and parts as well as health and personal care recorded the largest increases.
Retail sales excluding autos and gas - a closely watched subcategory within the retail trade index - expanded a stronger 0.6% over the previous month, following a revised 0.6% increase in November (previously reported: +0.7% mom), which also beat market expectations of a 0.5% rise.
In annual terms, retail sales increased 4.7% in December, which was higher than the 4.1% rise seen in November. In the full year 2012, retail sales grew 5.0%, which came in below the 8.0% increase tallied in 2011.