- According to the Census Bureau’s latest report for the month of January 2022, seasonally adjusted sales by mostly online operators skyrocketed by 14.5% from December 2021.
- Census reported a huge increase in retail across most segments. Total retail sales were up an enormous 3.75% (seasonally adjusted) December to January.
- While US consumers continue to spend, the level of spending is actually converging with the pre-COVID trend, if ever so slowly. Total retail sales remain elevated compared to that trend, but that elevation since last April has been entirely due to price changes.
For further details see:
Americans Love Spending Online In Certain Januaries