U.S. retail sales fell 1.1% month-on-month last month, falling below the previous month for the second straight month, showing record inflation and interest rate hikes are hurting consumer spending. It took shape.
The US Department of Commerce announced on the 18th that last month's retail sales were $677.1 billion, or about 87 trillion yen in Japanese yen.
It fell 1.1% from the previous month, below market expectations of a decline of around 0.9%.
It's the second month in a row that US retail sales are down from the previous month.
The breakdown shows that
``Gasoline stations'' decreased 4.6% due to lower gasoline prices,
``Furniture, etc.'' 2.5%
, ``Automobiles/auto parts'' 1.2%
, ``Electronic equipment/household appliances'' 1.1%, and
``Internet Mail order" decreased by 1.1%
and "Eating out" decreased by 0.9%.
In the United States, December is a time when retail sales are concentrated during the year-end sales season. It is a shape that shows a decreasing trend.
In addition, the FRB = Federal Reserve Board, which is the central bank, is expected to continue raising interest rates this year, and there is a possibility that consumption will further decline in the future due to rising interest rates on loans such as cars and credit cards, raising concerns about an economic slowdown. is getting stronger.