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.
Retail sales fell 0.9 percent in the U.S. in January compared to December, the U.S. Department of Commerce reported today. According to analysts, this is the usual consequence of the end of the increase in last year's holiday sales season. Colder winter weather also contributed to the decline in sales.
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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