U.S. Monthly Consumer Monitor January 2023

Retail sales slumped in December
Retail sales categories bar chart. See Retail sales categories bar chart image description for more details.
Horizontal bar chart showing the month-over-month percent change in retail sales by category between November and December. The fastest growth was in building equipment and garden supply stores, which increased by 0.3 percent. Besides sporting goods, hobby, book, and music stores, all other categories were negative. The largest decline was gas stations, which declined by 4.6 percent.

Holiday sales recap

Holiday sales bar chart. See Holiday sales bar chart image description for more details.
Bar chart showing the year-over-year (YoY) percent change in holiday sales from 2015 to 2022. The data presented annually, with a single bar for each year. The chart starts at 2.6 percent in 2015, rises to 5.9 percent by 2017, falls to 2.6 percent in 2018, then rises consistently until reaching 13.1 percent in 2021 before falling to 5.7 percent in 2022.

Retail momentum is fading fast

Total retail sales line chart. See Total retail sales line chart image description for more details.
Line chart comparing the YoY percent change in total retail sales to the three-month annualized (3MA) percent change in total retail sales. The chart begins in January 2022 and ends in December 2022. The data are presented monthly. The YoY percent change starts at 13.7 in January, rises to 17.7 in February, is within a range of 7.1 to 8.0 between March and October, then falls to 6.0 by December. The 3MA percent change starts at 7.1 in January, rises to 21.1 in March, then falls to -4.3 by December.