RSS US Retail Sales Growth Slows to 0.4% in December, Down from 0.8% in November

[Crax Bot]

The latest retail sales data released on January 16, 2025, revealed a deceleration in growth across the United States for December 2024, marking a decline to 0.4% from 0.8% in November 2024. This month-over-month comparison highlights a notable tapering in consumer spending during the crucial holiday season.

In November, retail sales showed robust growth at 0.8%, reflecting increased consumer activity in the lead-up to the festive period. However, December's reduced growth rate of 0.4% suggests a slowdown, which might have been influenced by a variety of economic factors, including potential impacts of inflationary pressures or shifts in consumer confidence.

Retailers are closely monitoring these fluctuations as they assess the broader economic implications. The subdued growth during one of the most significant shopping months may prompt concerns and strategies aimed at boosting consumer spending moving forward.

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

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