Retail sales in the United States did not grow in December, according to the latest report from the Census Bureau. Sales were unchanged from the previous month, following a 0.6% increase in November.
Analysts had expected a 0.4% rise in December sales, but that growth did not materialize. The lack of increase suggests consumers spent less than anticipated during the important holiday season.
Retail sales measure how much consumers spend on goods at stores, online, and other retailers. It's an important indicator of consumer spending and economic health.
Flat retail sales suggest that consumer spending is not growing. This can be a sign of caution among shoppers and may affect the overall economy.
Lower-than-expected sales growth can impact retail companies' revenues and may influence their strategies or stock prices.
Schaeffers Research
Zacks Investment Research