Firm Retail Sales -1.9% vs 0% Forecasted

Firm Retail Sales -1.9 versus 0% Forecasted

  • US firm retail sales released for the month of December
  • Retail Sales actuals revised for prior months

US Retail sales from December -1.9 with initial forecast of 0%. While December Retail sales may have fallen below expectations, there is seasonality associated with holiday months since consumer spending is usually higher. Consumer spending is a large component of GPD and a more precise component is the retail sales control group decreasing by -3.5% vs expected -1.1%. With retail sales released, it completely fell below expectations.

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