US retail sales declined -1.1% mom to USD 677.1B in December, worse than expectation of -0.8% mom. Ex-auto sales dropped -1.1% mom to USD 552.7B, versus expectation of -0.5% mom. Ex-gasoline sales fell -0.8% mom to USD 617.6B. Ex-auto and gasoline sales contracted -0.7% mom to USD 493.1B.
Total sales for the 12 months of 2022 were up 9.2% from 2021. For the October through December period, sales were up 6.7% from the same period a years ago.