美国12月“恐怖数据”意外零增长，假日消费惨淡收官！-市场参考-金十数据

Group 1 - U.S. retail sales in December remained flat compared to the previous month, which was below market expectations of a 0.4% increase, marking a disappointing end to the consumer market in 2025 [1][2] - The core retail sales, excluding automobiles, gasoline, building materials, and food services, also showed minimal growth, remaining flat in December after a 0.4% increase in November, while economists had anticipated a 0.3% rise [5] - Eight out of thirteen retail categories experienced declines, including clothing and furniture stores, while spending at building material stores and sporting goods retailers increased [5] Group 2 - Personal spending, which accounts for over two-thirds of U.S. economic output, was a key driver behind the 4.4% annualized GDP growth in the third quarter [5] - Analysts noted that a weak labor market may be contributing to the slowdown in consumer spending, with low-income Americans showing less strength in discretionary spending despite stock market gains [6] - Companies like Levi Strauss & Co. reported stable consumption despite price increases, while PepsiCo highlighted budget constraints for middle and low-income consumers, and Lululemon Athletica Inc. observed a trend of "downgrade consumption" among Americans [6]