Updated: 18-Jan-23 09:35 ET
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Updated: 18-Jan-23 09:35 ET |
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Highlights
- Total retail sales, which are not adjusted for price changes, fell 1.1% month-over-month in December (Briefing.com consensus -0.8%) after falling a revised 1.0% in November (from -0.6%).
- Retail sales, excluding autos, also fell 1.1% month-over-month (Briefing.com consensus -0.5%) after falling a revised 0.6% in November (from -0.2%).
Key Factors
- Motor vehicle and parts dealers sales declined 1.2% after falling 2.6% in November.
- Furniture and home furnishing store sales declined 2.5% after falling 2.2% in November.
- Electronics and appliance store sales fell 1.1% after falling 1.2% in November.
- Building material and garden equipment and supplies dealers sales rose 0.3% after falling 3.1% in November.
- General merchandise sales declined 0.8%, led by a 6.6% drop in department store sales, after decreasing 0.2% in November.
- Clothing and clothing accessories store sales were down 0.3% after falling 0.8% in November.
- Sporting goods, hobby, musical instrument, and book store sales rose 0.1% after falling 0.3% in November.
- Gasoline station sales were down 4.6% after falling 1.6% in November.
Big Picture
- The key takeaway from the report is that sales in most discretionary categories fell for the second month in a row with department store sales diving 6.6% after falling 3.2% in November.
Category |
DEC |
NOV |
OCT |
SEP |
AUG |
Retail Sales |
-1.1% |
-1.0% |
1.1% |
-0.2% |
0.7% |
Excluding Autos |
-1.1% |
-0.6% |
1.0% |
-0.1% |
0.2% |
Durable goods |
|
|
|
|
|
Building Materials |
0.3% |
-3.1% |
1.2% |
-0.7% |
1.7% |
Autos/parts |
-1.2% |
-2.6% |
1.5% |
-0.5% |
2.9% |
Furniture |
-2.5% |
-2.2% |
2.0% |
-2.1% |
0.6% |
Nondurable goods |
|
|
|
|
|
General Merchandise |
-0.8% |
-0.2% |
-0.3% |
1.1% |
0.3% |
Food |
0.0% |
0.4% |
1.2% |
0.8% |
0.4% |
Gasoline stations |
-4.6% |
-1.6% |
3.3% |
-4.0% |
-5.0% |
Clothing |
-0.3% |
-0.8% |
-0.4% |
1.0% |
1.0% |
e*retailing/non-store |
-1.1% |
0.1% |
1.0% |
-0.1% |
0.6% |