{"id":5378,"date":"2022-01-14T11:30:32","date_gmt":"2022-01-14T16:30:32","guid":{"rendered":"https:\/\/pflpetroleum.com\/reports\/?p=5378"},"modified":"2023-06-08T13:30:28","modified_gmt":"2023-06-08T17:30:28","slug":"retail-sales-declined-1-9-in-december","status":"publish","type":"post","link":"https:\/\/pflpetroleum.com\/reports\/retail-sales-declined-1-9-in-december\/","title":{"rendered":"Retail Sales Declined 1.9% in December"},"content":{"rendered":"\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:100px\">\n<p>Talking Points<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<ul class=\"wp-block-list\">\n<li>Retail sales declined in December 2021 by 1.9%.<\/li>\n\n\n\n<li>Most of the decline was from poor online sales along with a decline in spending at bars and restaurants.<\/li>\n\n\n\n<li>December&#8217;s import prices were also in decline for the first time since August 2021.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n\n\n\n<p><strong><em>Retail sales was projected to fall by -0.1% by the Dow Jones, however<\/em><\/strong> with the surging Omicron <em><strong><a href=\"https:\/\/www.cdc.gov\/coronavirus\/2019-ncov\/variants\/omicron-variant.html\" target=\"_blank\" rel=\"noreferrer noopener\">Sars-Cov-19 Variant<\/a><\/strong><\/em> cases <strong><em>consumer activity fell much sharper<\/em><\/strong>. Friday, the Commerce Department <strong><em>reported a decline of -1.9% for December, not adjusted for inflation<\/em><\/strong>. With the exception of automotive sales, <strong><em>sales fell -2.3% contrary to the initial estimation of a +0.3% increase.<\/em><\/strong> November&#8217;s numbers were also revised down to +0.2% from the initial +0.3% increase. As sales figures are not adjusted for inflation, the data suggests a slow ending to what was otherwise a strong 2021 in which sales rose +16.9% from the pandemic worn 2020.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center\"><em>Deep Dive<\/em><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Online sales took the brunt of the hit with non-store retailers reporting a dip of -8.7%, Furniture and home furnishing sales dropped by -5.5% while sporting goods, music and book stores fell 4.3%. <\/li>\n\n\n\n<li>Restaurants and bars were up +41.3% during the year 2021, leading all the categories, fell -0.8% in December.<\/li>\n\n\n\n<li>Gas stations followed the sharp annual increase coming in second place to restaurants and bars up +41% for the year 2021, but saw a 0.7% decline in December when fuel costs began to decrease. On this note, Gasoline prices fell -0.5% closing out the year after a 49.6% increase during the year 2021.<\/li>\n\n\n\n<li>Miscellaneous store retailers rose +1.8%.<\/li>\n\n\n\n<li>Building materials and gardening centers rose +0.9%<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center\"><em>Import Prices<\/em><\/h3>\n\n\n\n<p>The Labor Department reported a pricing drop of -0.2% in December, contrary to their earlier projection of an increase of +0.2%. <strong><em>This is the first time since August of 2021 that import pricing was down<\/em><\/strong> and this could be attributed in part to import fuel prices falling -6.5% in December. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Friday, the Commerce Department reported a decline of -1.9% for December, not adjusted for inflation.<\/p>\n","protected":false},"author":1,"featured_media":5379,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":["post-5378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rail-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>December&#039;s retail sales numbers are out and it&#039;s not good.<\/title>\n<meta name=\"description\" content=\"Friday, the Commerce Department reported a decline of -1.9% for December, not adjusted for inflation.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pflpetroleum.com\/reports\/retail-sales-declined-1-9-in-december\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"guida\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/retail-sales-declined-1-9-in-december\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/retail-sales-declined-1-9-in-december\\\/\"},\"author\":{\"name\":\"guida\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#\\\/schema\\\/person\\\/f3f5ee51a3b008e32db5c8092a5fd51d\"},\"headline\":\"Retail Sales Declined 1.9% in 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