美国零售数据意外陷于停滞

Group 1 - The core point of the article highlights that U.S. retail and food services sales for December 2025 were $735 billion, showing no month-over-month growth, significantly below market consensus expectations of 0.4% and the previous month's 0.6% [1] - Excluding motor vehicles and gasoline, retail and food services sales also remained flat month-over-month, while market consensus and the revised previous month's growth were both 0.3% [1] - Sales in December 2025 saw declines in categories such as automobiles, furniture, electronics, clothing, and health and personal care products, while increases were noted in building materials, gasoline, food and beverages, and sporting goods [1] Group 2 - Year-over-year, U.S. retail and food services sales in December increased by 2.4%, which was lower than the consumer price index's year-over-year increase of 2.7% for the same month [1] - The chief economist at Navy Federal Credit Union noted a K-shaped economy where high-income consumers are spending robustly, while middle- and low-income consumers are more cautious [1] - Analysts suggest that the weak retail data for December 2025 is not enough to undermine the performance of the fourth quarter of the previous year, but January 2026 consumption data may be weak due to extreme winter weather in many regions, leading to a significant slowdown in consumption growth for the first quarter of 2026 [2]