United States: Growth in retail sales inches down in December

In December, retail sales increased 0.2% over the previous month in nominal terms. The increase was down from the 0.4% recorded in November (previously reported: +0.7% month-on-month), but was slightly above market expectations of a 0.1% rise. Nearly half of the categories of the retail index expanded over the previous month. Food and beverage stores, along with gasoline stations, showed the strongest gains. Those improvements were partially offset by decreased sales in other categories, including motor vehicle and parts dealers as well as electronics and appliances stores.

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