January 19, 2021
Advance estimates of U.S. retail and food services sales for December 2020 was recorded at $540.9 billion a 0.7% decrease from November 2020 and a 2.9% decrease from December 2019. It was noted that the advance estimate for the period under review was adjusted for seasonal variation and holiday and trading-day difference, but not price changes.
Notably, December ’s retail sales outturn was 4.1% above December 2019. Total sales for September 2020 through December 2020 period increased 5.2% from the corresponding period a year ago. The September 2020 to October 2020 percent change was revised from up 0.3% to down 0.1%.
Retail trade sales went down merely 0.3% from November 2020 and was 6.3% above last year. The United States Census also reported that, non-store retailers climbed 19.2% from December 2019, while food services and drinking places were down 21.2% from last year.
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