January 18, 2023
US retail sales fell -1.1% m/m in December, declining for the second month in a row. Sales were up +6.0% from a year ago, but that is not adjusted for inflation. Given that consumer inflation is running at +6.4% y/y, real sales are either flat or slightly negative. Sales at gas stations fell -4.6% due […]
December 13, 2022
U.S. retail sales rose +1.3% m/m in October, after staying flat in September. This puts them up +8.3% from a year ago. Keep in mind these numbers are not adjusted for inflation, which running at +7.1% y/y. Gas station sales saw the largest increase, both m/m and y/y (due, at least in the latter case, […]