December retail sales show annual growth but are impacted by low fuel prices
Commerce reported that November retail sales at $442.9 billion were down 0.9 percent compared to November and up 3.2 percent compared to December 2013, and total retail sales from October through December were up 4.1 percent annually. The NRF said that December retail sales, which exclude automobiles, gas stations, and restaurants, were up down 0.9 percent seasonally-adjusted month-to-month compared to November and increased 4.6 percent annually on an unadjusted basis.
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December 2014 retail sales were consistent when compared to previous months in that they were down slightly compared to November but showed decent annual gains, according to data issued today by the United States Department of Commerce and the National Retail Federation (NRF).
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Jeff Berman, Group News Editor Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. Contact Jeff BermanSubscribe to Supply Chain Management Review Magazine!
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