What was the year-on-year growth for US retail sales in December?

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US Retail Sales Showed 5.8 Per Cent Year-on-Year Growth in December

Total retail sales in the United States experienced a 5.8 per cent increase in December when compared to the same month of the previous year. This growth occurred despite a notable decline in auto sales, which negatively impacted the overall figures during the crucial holiday shopping period. Consumers demonstrated continued spending on various goods, including gasoline, building supplies, clothing, electronics, and sporting goods.
December Retail Sales Saw a 0.3 Per Cent Monthly Increase

On a month-to-month basis, total retail sales in December rose by 0.3 per cent, reaching US$529.6 billion (seasonally adjusted). This growth rate was consistent with the increases observed in the two preceding months, meeting economists' expectations for the period.
Auto Sector Decline Impacted Overall Figures

Sales within the automotive sector experienced a decrease of 1.3 per cent in December. This downturn in auto sales acted as a drag on the broader retail sales performance for the month.
Non-Auto Retail Sales Outperformed Expectations

Excluding the volatile automotive sector, US retailers saw a more positive performance, with sales increasing by 0.7 per cent. This segment of the retail market surpassed forecasts, largely driven by a significant 2.8 per cent surge in sales at gasoline stations.

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What was the year-on-year growth for US retail sales in December?

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