Retail sales in the US sank 1.1% mom in November of 2020, following a revised 0.1% fall in October and worse than forecasts of a 0.3% drop. It is the second consecutive decline in retail sales as US consumers pulled back holiday shopping amid a surge in coronavirus cases and a drop in income as unemployment benefits are set to expire. Sales at clothing stores fell the most (-6.8%), followed by food services and drinking places (-4%); electronics and appliance stores (-3.5%); gasoline stations (-2.4%) and motor vehicles and parts dealers (-1.7%). Other declines were also seen in sales at furniture stores (-1.1%); general merchandise stores (-1%); health and personal care (-0.7%); sporting goods, hobby, musical instrument and book (-0.6%); and miscellaneous (-0.5%). In contrast, increases were seen at food and beverages stores (1.6%) and building material dealers (1.1%). Core retail sales which exclude automobiles, gasoline, building materials and food services went down 0.5%. 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 December of 2020.
Retail Sales MoM in the United States is expected to be 0.20 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 0.40 in 12 months time. In the long-term, the U.S. Retail Sales is projected to trend around 2.40 percent in 2021 and 0.40 percent in 2022, according to our econometric models.