Retail Sales end 2024 in good shape
|Summary
Retail sales ended 2024 on a solid note. Sales rose 0.4% in December amid broad based gains that suggest a solid pace of overall consumption in Q4. When combined with upward revisions to November sales, the data put 2024 holiday sales just below their long-run average and suggest it was a decent holiday sales season for retailers.
Consumers' spending intact and a decent year for holiday sales
Consumer resilience has been a hallmark of the current expansion. It's at times made the job of the Fed more challenging in getting inflation back to target, but it's cut both ways as continued demand has also helped keep the jobs market stable even as hiring has slowed. While we've seen some signs of consumer moderation over the past year amid more choosy spending behavior and lower-income households growing more vulnerable, the last retail report of 2024 tells us households just keep spending.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.