Retail sales flat in December from November, closing out year on a lackluster tone
#Commerce Department #Retail sales #Consumer spending #Tariffs #Economic growth #December report #Job market
📌 Key Takeaways
- U.S. retail sales saw zero growth in December, defying economist expectations of a monthly increase.
- Economic headwinds, including slowing job growth, contributed to the stagnant consumer spending.
- Trade tariffs under the Trump administration created significant market uncertainty for the retail sector.
- The lackluster performance marked a weak conclusion to the year for the American domestic economy.
📖 Full Retelling
🏷️ Themes
Economy, Retail, Trade Policy
📚 Related People & Topics
Consumer spending
Total spending by a set of households
Consumer spending is the total money spent on final goods and services by individuals and households. There are two components of consumer spending: induced consumption (which is affected by the level of income) and autonomous consumption (which is not).
Economic growth
Measure of increase in market value of goods
In economics, economic growth is an increase in the quantity and quality of the economic goods and services that a society produces. It can be measured as the increase in the inflation-adjusted output of an economy in a given year or over a period of time. The rate of growth is typically calculated ...
Tariff
Goods import or export tax
A tariff or import tax is a duty imposed by a national government, customs territory, or supranational union on imports of goods and is paid by the importer. Exceptionally, an export tax may be levied on exports of goods or raw materials and is paid by the exporter. Besides being a source of revenue...
United States Department of Commerce
Executive department of the U.S. Federal Government
The United States Department of Commerce (DOC) is an executive department of the U.S. federal government. It is responsible for gathering data for business and governmental decision making, establishing industrial standards, catalyzing economic development, promoting foreign direct investment, and s...
Retail
Sale of goods and services
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is the sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly from or through a wholesaler, and then sells in smaller quantities to consumers for...
🔗 Entity Intersection Graph
Connections for Consumer spending:
- 🌐 Economic growth (1 shared articles)
- 🌐 Fiscal year (1 shared articles)
- 🌐 Dunelm (1 shared articles)
- 🌐 Inflation (1 shared articles)
- 🌐 Economic stagnation (1 shared articles)
- 🌐 Retail (1 shared articles)
- 🌐 Carnival (1 shared articles)
- 🏢 German Economic Institute (1 shared articles)
- 🌐 Cologne (1 shared articles)
- 🌐 Revenue (1 shared articles)
📄 Original Source Content
The report, issued by the Commerce Department on Tuesday, surprised economists who were looking for growth despite mounting concerns about a slowing job growth, uncertainty about President Donald Trump's tariffs and other economic headwinds.