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HomeNewsEconomyAdvanced Retail Sales Gain 0.3% in December, 5.8% Year-Over-Year

Advanced Retail Sales Gain 0.3% in December, 5.8% Year-Over-Year

Group of friends sitting outdoors with shopping bags; several people holding smartphones and tablets. (Photo: AdobeStock/ OneInchPunch/PPD)

The advance estimates of U.S. retail sales for December was $529.6 billion, an increase of 0.3% (±0.4%) from November, and 5.8% (±0.7%) year-over-year. 

Forecasts ranged from a low of 0.2% to a high of 0.6%. The consensus forecast was 0.4%.

Total sales for the 12 months of 2019 increased 3.6% (±0.4%) from 2018. Total sales for the period from October 2019 to December 2019 gained 4.1% (±0.5%) from the same period a year ago.

The October 2019 to November 2019 percent change was revised from up 0.2% (±0.4%) to up 0.3% (±0.3%).

Retail trade sales were up 0.4% (±0.4%) from November 2019, and 6.0% (±0.5%) above last year. Nonstore retailers were up 19.2% (±1.4%) from December 2018, and gasoline stations were up 11.3% (±1.2%) from last year.

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PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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