US' retail sales grow 4.8% YoY in December 2023

Insights

• US retail trade sales in December 2023 increased by 0.6 per cent from November and 4.8 per cent compared to the previous year, as per US Census Bureau.
• Notably, non-store retailers experienced a 9.7 per cent growth year-on-year.
• Overall, US retail and food services sales for the month reached $709.9 billion, marking a 0.6 per cent rise from the prior month.