US Retail Sales expanded 0.4% MoM in December

• US Retail Sales rose less than expected in the last month of 2024.
• The US Dollar reverses the weekly pullback and advances modestly.

US Retail Sales climbed by 0.4% in December, reaching $729.2 billion, according to the US Census Bureau's report on Thursday. This figure was lower than November’s 0.8% increase and came in short of market expectations of a 0.6% rise. 

In addition, Retail Sales excluding Autos rose 0.4% during the same period, matching consensus and surpassing the previous 0.2% growth.

According to the report, “Total sales for the 12 months of 2024 were up 3.0% from 2023. Total sales for the October 2024 through December 2024 period were up 3.7% from the same period a year ago. The October 2024 to November 2024 percent change was revised from up 0.7% to up 0.8%.”