| Historical average: | 4.4% |
US Retail Sales Growth Year over Year.
Average weight of each retail category of the Census Bureau report (2022):
Motor Vehicle & Parts Dealers: 22%
Electronic Shopping & Mail-Order Houses: 16%
Grocery Stores: 12%
Gasoline Stations: 11%
General Merchandise Stores: 10%
Food Services & Drinking Places: 10%
Building Material & Garden Equipment Dealers: 7%
Health & Personal Care Stores: 5%
Clothing & Clothing Accessories Stores: 4%
Furniture & Home Furnishings Stores: 3%
Sporting Goods, Hobby, Musical Instrument, & Book Stores: 2%
Miscellaneous Store Retailers: 1%
Total retail sales in the US in 2024: $5.2T
Food is spread across various categories. ostco and Walmart sales are part of "General Merchandise". Amazon and other online retailers are part of "Electronic Shopping & Mail-Order Houses". If all put together, food probably represents close to 35% of retail.
Consumer spending represents about 65-70% of the US economy. Retail spending is close to 30% of consumer spending.
Source: US Census Bureau