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Retail 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.
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  • 45% of the sources are Center
45% Center
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Zero Hedge broke the news in United States on Friday, February 14, 2025.
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