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US Retail Sales expanded 0.4% MoM in December

US Retail Sales rose less than expected in the last month of 2024.
The US Dollar reverses the weekly pullback and advances modestly.

Pablo Piovano FXStreet

US Retail Sales climbed by 0.4% in December, reaching $729.2 billion, according to the US Census Bureau's report on Thursday. This figure was lower than November’s 0.8% increase and came in short of market expectations of a 0.6% rise.

In addition, Retail Sales excluding Autos rose 0.4% during the same period, matching consensus and surpassing the previous 0.2% growth.

According to the report, “Total sales for the 12 months of 2024 were up 3.0% from 2023. Total sales for the October 2024 through December 2024 period were up 3.7% from the same period a year ago. The October 2024 to November 2024 percent change was revised from up 0.7% to up 0.8%.”

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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