US EditionRetail sales slumped 0.9% in January, down much more than expected
- U.S. Retail sales in January fell 0.9%, as reported by the Commerce Department, which was a larger decline than economists expected.
- January's average temperature was the lowest since 1988, impacting consumer spending, according to Pantheon Macroeconomics.
- Cold weather, inflation pressures, and drops in consumer confidence contributed to the sales decline, with specialty stores facing a 4.6% drop.
41 Articles
41 Articles
Do you buy the retail sales number? - Marketplace
Retail sales were down in January, but the Census Bureau report — with its mish-mosh of data — can obscure nuances in consumer spending. In this episode, we talk to economists and other experts about how they cut through the noise. Plus: An American city and Canadian city with interlaced economies brace for tariffs, Americans love their meat sticks and the women behind a wine shop-restaurant-bookstore tell us about their business.
From the Voice of America in Washington, the Economic Note.
Chill in Retail: Economic Growth Slows as U.S. Sales Experience Sharp Drop
Chill in Retail: Economic Growth Slows as U.S. Sales Experience Sharp Drop U.S. retail sales took a significant hit in January, plummeting by the most in nearly two years, according to data from the Commerce Department. The decline, attributed to severe weather and a natural slowdown following strong advances in the preceding months, suggests that the economic growth has sharply slowed.The broad-based downturn in retail sales has economists spec…
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