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Retail trade, December 2023
Retail sales increased 0.9% to $67.3 billion in December. Sales were up in five of nine subsectors and were led by increases at motor vehicle and parts dealers (+1.9%). Core retail sales—which exclude gasoline stations and fuel vendors and motor vehicle and parts dealers—were up 0.5% in December. In volume terms, retail sales increased 0.8% in December. Retail sales were up 1.0% in the fourth quarter of 2023, marking a second consecutive quarterly increase. In volume terms, retail sales increased 1.3% in the fourth quarter. In 2023, retail sales increased 2.2%, led by gains at motor vehicle and parts dealers. In ... (full story)