Reported about 6 hours ago
In December, U.S. retail sales rose to $729.2 billion, a 0.4% increase from November, but fell short of economists' expectations of 0.5%. This marks the end of a six-month trend of exceeding forecasts, yet analysts remain optimistic about consumer spending, indicating a healthy economy. The holiday sales season of 2024 also beat projections with a 4.1% year-over-year increase, reflecting strong performance in various retail categories.
Source: YAHOO