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Instructions to retrieve 2023 Tax Documents are found under Resource Center – Tax Forms.

Retail Sales – Are consumers spending, if so, where?

What do December’s retail sales figures tell us about the strength of consumer spending? Looking back over the past 24 months retail sales averaged 4.1% annual growth compared to its 2.6% average. Sales were led by the auto sector, health/personal card stores and home furnishings. Department stores on the other hand showed -8.4% decreases. The 800 lbs gorilla driving retail sales the past year is nonstore retailers, i.e. (Amazon) which increased by 13.2%.