1/22: MetroIntelligence Economic Update by P. DUFFY

December retail sales mostly flat from November, up 5.8 percent year-on-year

Advance estimates of U.S. retail and food services sales for December 2019 were $529.6 billion, an increase of 0.3 percent from the previous month, and 5.8 percent above December 2018. Total sales for the 12 months of 2019 were up 3.6 percent from 2018.



January consumer sentiment slips 0.2 points to 99.1, but still at high levels

Consumer sentiment remained virtually unchanged in early January, slipping by just 0.2 Index-points from December to 99.1. This stability extended to all components, both current assessments as well as future economic prospects. The current expansion has established a new record length largely due to consumer spending.  Of course, whether that strength will last another two years is uncertain, given that the election season has only begun and features fundamental changes in taxes and spending programs that directly affect consumers.


Related posts