The Commerce Department’s advance retail sales report for December revealed that total US retail receipts were essentially unchanged from November, coming in flat after a 0.6 percent increase in November and well below economists’ expectations for a 0.4 percent rise in December. Core retail sales, or the measure that excludes volatile categories like autos, gasoline, building materials, and food services, and which feeds directly into GDP calculations, actually slipped about 0.1 percent in December following a downward revision to November’s core gain to just 0.2 percent from 0.4 percent previously reported. For the full year of 2025, total…
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