新华财经纽约2月11日电（记者刘亚南）美国商务部10日发布的初步数据显示，美国2025年12月零售额 为7350亿美元，环比零增长，显著低于市场预期的0.4%和前月0.6%的增长。 数据显示，当月，美国汽车及零部件、家具、电子产品与家电、服装、健康与个人护理产品等销售额环 比下降，建材、汽油、食品饮料等销售额环比上升。数据同时显示，去年12月，美国零售额同比增长 2.4%，低于当月消费者价格指数2.7%的同比涨幅，实际消费萎缩。 美国行业金融机构海军联邦信贷联盟首席经济学家希瑟·朗说，汽车、家具、家电和服装等产品因受关 税严重冲击而销售疲软。 研究机构凯投宏观北美经济学家托马斯·瑞安预测，美国1月消费数据很可能因为部分地区的极寒天气而 表现疲弱，2026年一季度美国消费增速预计将大幅放缓。 （文章来源：新华社） ...

Core Insights - The U.S. retail sales for December 2025 are projected at $735 billion, showing no month-over-month growth, significantly below the market expectation of 0.4% and the previous month's growth of 0.6% [1] - Sales in categories such as automobiles, furniture, electronics, clothing, and health and personal care products experienced a month-over-month decline, while sales in building materials, gasoline, and food and beverages saw an increase [1] - Year-over-year, U.S. retail sales grew by 2.4% in December, which is lower than the consumer price index increase of 2.7%, indicating a real contraction in consumer spending [1] Economic Analysis - Heather Long, chief economist at Navy Federal Credit Union, noted that tariffs have severely impacted sales in automobiles, furniture, appliances, and clothing, leading to weak performance in these sectors [1] - Thomas Ryan, an economist at Capital Economics, predicts that January's consumer data may be weak due to extreme cold weather in some regions, and a significant slowdown in consumer growth is expected in the first quarter of 2026 [1]

Core Insights - The U.S. retail and food services sales for December 2025 were reported at $735 billion, showing no month-over-month growth, significantly below the market consensus expectation of 0.4% and the previous month's growth of 0.6% [1] - Excluding motor vehicles and gasoline, retail and food services sales also remained flat month-over-month, while the market consensus and the revised previous month's growth were both 0.3% [1] - Year-over-year, retail and food services sales in December increased by 2.4%, which is lower than the consumer price index increase of 2.7% for the same month [1] Group 1: Sales Performance - Sales in categories such as automobiles, furniture, electronics, clothing, and health and personal care products decreased month-over-month, while sales in building materials, gasoline, food and beverages, and sporting goods increased [1] - The K-shaped economy is highlighted, where high-income consumers are spending robustly, while middle- and low-income consumers are more cautious [1] Group 2: Economic Outlook - The weak retail data for December 2025 is not expected 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 [2] - Analysts suggest that holiday shopping may have been pulled forward, and government tax refunds along with wealth effects are expected to continue supporting U.S. consumer spending [2]