Retail sales in December grew by a modest 0.4% month-over-month, reaching $729.2 billion. This figure fell short of the anticipated 0.6% increase and was a slowdown from November’s revised 0.8% growth. Despite the monthly dip, sales on a year-over-year basis showed a 3.9% increase. These statistics, provided by the U.S. Census Bureau, highlight a cooling trend in consumer spending as the year ended.
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