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U.S. Retail Sales Soar 1.74% in December Surge

1/14/2025

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Summary

Story summary

In December, U.S. retail sales surged by 1.74% from the previous month and an impressive 7.24% year-over-year, fueled by bustling holiday shopping. The National Retail Federation highlighted robust consumer spending, bolstered by low unemployment and manageable inflation. Looking ahead, a promising 2.5-3.5% growth in retail sales is anticipated for 2024, with online sales leading the charge at a 4.49% increase.

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Story summary

In December, U.S. retail sales surged by 1.74% from the previous month and an impressive 7.24% year-over-year, fueled by bustling holiday shopping. The National Retail Federation highlighted robust consumer spending, bolstered by low unemployment and manageable inflation. Looking ahead, a promising 2.5-3.5% growth in retail sales is anticipated for 2024, with online sales leading the charge at a 4.49% increase.