{"id":2566,"date":"2025-01-16T15:15:14","date_gmt":"2025-01-16T15:15:14","guid":{"rendered":"https:\/\/otetmarkets.com\/blog\/?p=2566"},"modified":"2025-01-16T15:15:15","modified_gmt":"2025-01-16T15:15:15","slug":"us-retail-sales-december-2024","status":"publish","type":"post","link":"https:\/\/otetmarkets.com\/blog\/news\/us-retail-sales-december-2024\/","title":{"rendered":"US Retail Sales Growth Slows to 0.4% in December 2024"},"content":{"rendered":"\n

US Retail Sales increased by 0.4% month-over-month in December 2024, marking the slowest growth in four months. This followed a stronger, upwardly revised 0.8% rise in November and came in below market expectations of 0.6%. Despite the deceleration, the data suggests that consumer spending remains strong, reflecting resilience in the economy.<\/p>\n\n\n\n

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Key Sectors Driving Growth<\/strong><\/h2>\n\n\n\n

Several retail categories experienced notable increases in December. Sales at miscellaneous store retailers surged by 4.3%, followed by sporting goods, hobby, musical instruments, and books (2.6%), and furniture (2.3%). Gasoline stations and clothing retailers both saw a 1.5% rise, while food and beverage stores, motor vehicle and parts dealers, general merchandise stores, and nonstore retailers also posted modest gains.<\/p>\n\n\n\n

Declines in Select Retail Segments<\/strong><\/h3>\n\n\n\n

Not all retail sectors saw growth in December. Sales declined in building materials, garden equipment, and supplies dealers by 2%, marking the sharpest drop. Food services and drinking places saw a slight dip of 0.3%, while health and personal care stores recorded a 0.2% decline. These sectors faced challenges despite overall consumer spending resilience.<\/p>\n\n\n\n

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Read More : US Retail Sales Show Robust Growth in November 2024<\/a><\/strong><\/p>\n<\/blockquote>\n\n\n\n