RSS U.S. Retail Sales Ex Gas/Autos Show Positive Growth in December

[Crax Bot]

In December 2024, U.S. retail sales excluding gas and autos showed a promising uptick, reaching a growth rate of 0.3%, according to the latest data released on January 16, 2025. This represented a slight but noteworthy improvement from November's growth rate, which was recorded at 0.2%.

The month-over-month analysis indicates a sustained positive trajectory in consumer spending for the holiday season, which is a critical period for the retail industry. This increase points to growing consumer confidence and a buoyant economic environment, helping to offset any potential downturns due to seasonal factors typically affecting gas and auto sales.

The data compares the sales changes from November to December, illustrating how this year's end-of-year retail activity has maintained a steady momentum, a hopeful sign as the U.S. economy steps into 2025. This consistent growth underscores the importance of non-durable goods and services sectors driving retail activity even amid fluctuating economic conditions.

The material has been provided by InstaForex Company - www.instaforex.com

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