US retail trade fell 0.7 percent from a month earlier in December 2020, following a revised 1.4 percent decline in November and compared with market expectations of a flat reading. That was also the third consecutive month of decline in consumption, amid record COVID-19 infections, high unemployment levels and lack of government's support. Receipts declined at electronics & appliance stores (-4.9 percent vs -8.3 percent in November), restaurants and bars (-4.5 percent vs -3.6 percent), food & beverage stores (-1.4 percent vs 1.5 percent), general merchandise stores (-1.2 percent vs -1.3 percent), sporting goods, hobby, musical instrument & books stores (-0.8 percent vs -1.7 percent), and furniture stores (-0.6 percent vs -2.1 percent). In addition, online trade slumped 5.8 percent, accelerating from a 1.6 percent decrease in the previous month. source: U.S. Census Bureau
Retail Sales MoM in the United States averaged 0.36 percent from 1992 until 2020, reaching an all time high of 18.30 percent in May of 2020 and a record low of -14.70 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 2021.
Retail Sales MoM in the United States is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales MoM in the United States to stand at 2.40 in 12 months time. In the long-term, the U.S. Retail Sales is projected to trend around 2.40 percent in 2022 and 0.40 percent in 2023, according to our econometric models.