{"id":6408,"date":"2024-01-18T11:05:51","date_gmt":"2024-01-18T03:05:51","guid":{"rendered":"https:\/\/www.ultimamarkets.com\/?p=6408"},"modified":"2025-07-16T08:05:13","modified_gmt":"2025-07-16T08:05:13","slug":"us-holiday-retail-sales-remain-robust-despite-concerns","status":"publish","type":"post","link":"https:\/\/www.ultimamarkets.com\/vn\/trade-news\/us-holiday-retail-sales-remain-robust-despite-concerns\/","title":{"rendered":"US Holiday Retail Sales Surge in Q4’23, Defying Projections"},"content":{"rendered":"\n

US Holiday Retail Sales Remain Robust Despite Concerns <\/strong><\/h2>\n\n\n\n

The retail landscape in the United States experienced a notable surge in December 2023, with a month-over-month increase of 0.6%, surpassing the projected 0.4% rise after a 0.3% uptick in November. <\/p>\n\n\n\n

This substantial jump, the most significant in three months, was primarily fueled by an impressive 1.2% boost in auto sales. When excluding autos, retail sales still saw a commendable 0.4% increase.<\/p>\n\n\n\n

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Diverse Sectors Contribute to the Rise<\/strong><\/h2>\n\n\n\n

The surge in sales was not confined to a single sector but spanned across various categories. Non-store retailers, attire outlets, general merchandise vendors, assorted retail shops, home improvement and gardening equipment, along with recreational gear, hobbies, musical supplies, and books, all witnessed increased sales. Even food and beverage stores experienced a modest 0.2% rise.<\/p>\n\n\n\n

Conversely, certain sectors recorded a decline in sales. Health and personal care, gasoline stations, furniture stores, and electronics plus appliances witnessed a fall in sales. Despite these declines, food services and drinking establishments maintained their sales figures.<\/p>\n\n\n

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\"Retail<\/figure><\/div>\n\n\n

(Retail Sales, United States Census Bureau)<\/em><\/p>\n\n\n\n

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Year-End Review: Retail Sales in 2023<\/strong><\/h2>\n\n\n\n

Taking a broader view of the year 2023, unadjusted retail sales showed a notable rise of 3.2%. This positive trend underscores the resilience and growth of the retail sector, particularly in the face of economic uncertainties.<\/p>\n\n\n\n

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Impact on Financial Markets<\/strong><\/h2>\n\n\n\n

The positive retail sales data had a ripple effect on financial markets. The yield on the 10-year US Treasury note surged to 4.1%, reaching its highest level in over a month. This uptick in yields contributed to heightened resistance against potential near-term interest rate cuts by the Federal Reserve. Simultaneously, the dollar index extended gains for a third consecutive session, touching 103.5 levels.<\/p>\n\n\n

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\"US<\/figure><\/div>\n\n\n

(US 10 Year Treasury Yield)<\/em><\/p>\n\n\n\n

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Expert Opinions and Forecasts<\/strong><\/h2>\n\n\n\n

Several reputable sources provide insights into the robustness of holiday sales and the broader retail landscape:<\/p>\n\n\n\n