
13/07/2025
Retail sales fell lower than expected during December 2022, thereby putting consumer spending and the U.S. economy on a weaker growth path leading into 2023. The 1.1% drop exceeded analysts’ forecasts of a 0.8% decline. Despite this fall, retail sales still grew 0.6% on a year-on-year basis. This was the second consecutive month in which …
Retail sales fell lower than expected during December 2022, putting consumer spending and the U.S. economy on a weaker growth path leading into 2023.