Latest Retail Sales Report Supports Growth Outlook Despite Modest Pace

1. December retail sales rose 0.4%, marking the fourth consecutive month of growth. 2. Year-on-year sales were up 3.9%, indicating solid retail expansion trends. 3. Positive retail sales suggest favorable Q4 2024 GDP growth forecast. 4. Consumer debt remains low, supporting ongoing consumption and economic strength. 5. Future retail growth likely, aided by job growth and high wages.