Retail sales unexpectedly fall in December

- Advertisement -
  • Retail sales fell 1.9% in the US in December, and were expected to remain stable.
  • All indicators were well below expectations.

The retail sales they fell 1.9% in December, which generated a surprise since they were expected to remain unchanged compared to November. In turn, the November rise was revised from 0.3% to 0.2%. December was thus the worst month since February 2021 and cut a four-month streak with rises.

The retail sales excluding automobiles were down 2.3%, against expectations for a 0.2% increase. In November they had risen 0.1% (revised from 0.3%).

- Advertisement -

The retail control group sales They did not escape the tone of the report and also showed an unexpected drop, in this case of 3.1%, when the market consensus was for a rise of 0.1%. In November, a reading of -0.1% had been recorded, which was revised to -0.5%.

The dollar in the market had a mixed reaction, as it fell against the yen and other currencies after the data, but marked new highs on other fronts, due to risk aversion.

- Advertisement -

.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Hot Topics

Related Articles