Retail Sales Fall 9.8%

To the surprise of only economists, Retail Sales plummeted in December 2008, falling for the 6th consecutive month. Sales dropped 2.7% on the month, and nearly 10% from the same period last year. If you didn’t know any better, you might think there was a recession or something going on (Its a mystery!).


November sales were also revised lower. Ex-Autos, sales fell 3.1% for the month. Health and personal care were the sole growth areas. Going ex-autos and ex-gasoline, sales fell 1.5%.

Here are the specific details:

• December 2008 Sales = $343.2 billion

• December 2008 Sales down 2.7% from November and down 9.8%  percent versus December 2007

• 2008 total sales (12 months of calendar year) were essentially flat — down 0.1% percent from 2007, less than the margin of error (±0.4%).

• Total sales for the October through December 2008 holiday shopping period were down 7.7% from the same period a year ago.• Retail trade sales were down 2.7 percent (±0.5%) from November 2008 and were 10.8 percent (±0.7%) below last year.

• Gasoline stations sales were down 35.5% from December 2007, and off 15.9%;

• Auto sales were down 22.4% from last year.

• Sales were down 1.8% at furniture retailers; 2.5% at clothing stores; 1.0% at electronic stores; 2.2% at eating and drinking establishments; 0.4% at sporting goods, hobby and book stores; 1.3% at general merchandise stores; 1.4% at food and beverage stores; 2.9% at building material and garden supplies dealers; and 1.9% at mail order and Internet retailers.


retail-sales.gif via Barron’s Econoday


Previously: Spinning Black Friday Retail Sales (December 1st, 2008)

December Retail Sales Ho Ho Hum (January 8th, 2009)


Full Publication in PDF

Originally published at The Big Picture blog and reproduced here with the author’s permission.>

One Response to "Retail Sales Fall 9.8%"

  1. johan smith   February 11, 2013 at 1:05 pm

    High-Performance XP Alkaline Battery Pack is perfect wide range of household usage. You can use this alkaline battery pack for everyday electronics. Almost all the electronics these days runs on battery. Electronics such as alarm clocks, radios, flash lights, remote controllers, toys, cameras, video game controller etc work on these batteries. It is handy to keep such batteries in stock, in case you run out of these batteries.