Connect with us


December Retail Sales Sluggish

Figures reflect a slide into recession, economist says.




iStock, zhudifeng
iStock, zhudifeng

U.S. retail and food services sales for December 2022 were $677.1 billion, down 1.1 percent from the previous month, but up 6 percent from December 2021, according to the latest report from the U.S. Census Bureau.

The bureau also found that retail sales for 2022 were up 9.2 percent from 2021.

“Even when adjusting for inflation, which was roughly flat month-over-month in December, sales dropped,” Principal Economist Eric Lundh of the nonprofit think-tank The Conference Board wrote in his analysis of the bureau’s figures. “Looking ahead, we expect consumer spending to continue to contract as the U.S. economy slips into recession early this year.”

As we’ve noted before, there have been a number of mixed signals on whether or not the U.S. is actually transitioning into a recession, but the question remains a hot topic for economists.

Lundh noted that the board’s Gross Domestic Product (GDP) forecast for the fourth quarter “is consistent with this weaker data. We assume that overall real consumer spending will contract by 0.5 percent month-over-month in December versus the contraction of 1.1 percent in real retail sales.”


Since launching in 2014, INVISION has won 23 international journalism awards for its publication and website. Contact INVISION's editors at


Turn Patients Into Loyal Eyewear Shoppers

80% of patients are browsing eyewear online, are you influencing patients online before your competition? Join thousands of practices thriving with Optify, voted the #1 optical sales tool by EyeVote. Empower your opticians to save time, increase optical revenue, and maximize your EHR data and website with a seamless optical plug-in that keeps patients buying from YOU! Now through August 31st receive a $25 UberEats® gift card when you complete a 15 min demo. Book your demo here..

Promoted Headlines





Get the most important news and business ideas for eyecare professionals every weekday from INVISION.



Most Popular

Link partner: indobet autowin88 vegasslot77 mantra88 ligasedayu warungtoto login sbobet vegas4d indobet ingatbola88 ligaplay dewagg hoki368 qqnusa ligagg zeus138 bro138 bos88 ligaciputra