Dec. MoM Retail Sales Advance -0.9% vs -0.1% Expected; Core -0.3% vs 0.5%

Dec. MoM Retail Sales Advance -0.9% vs -0.1% Expected; Core -0.3% vs 0.5%

UPDATE - More from the U.S. Census Bureau:

The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for December, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $442.9 billion, a decrease of 0.9 percent (±0.5%) from the previous month, but up 3.2 percent (±0.9%) above December 2013. Total sales for the 12 months of 2014 were up 4.0 percent (±0.6%) from 2013. Total sales for the October through December 2014 period were up 4.1 percent (±0.7%) from the same period a year ago. The October to November 2014 percent change was revised from +0.7 percent (±0.5%) to +0.4 percent (±0.1%).

Retail trade sales were down 1.1 percent (±0.5%) from November 2014, but 2.6 percent (±0.7%) above last year. Auto and other motor vehicle dealers were up 9.8 percent (±3.0%) from December 2013 and food services and drinking places were up 8.2 percent (±3.3%) from last year.

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