Real-time retail consumption tracker for December 28, 2020 – January 3, 2021

Between December 28, 2020, and January 3, 2021, consumer spending lost 0.5% y-o-y.

Given that spending is typically volatile during holidays, this figure is not different from statistical noise.

In December, the metric added 0.7% y-o-y due to a more active second half of the month.

Changes in retail goods are minuscule. The service sector keeps rebounding after the fall triggered by the second wave of the pandemic (–14.6% between December 28, 2020, and January 3, 2021).