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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41 Articles
41 Articles
All
Left
8
Center
10
Right
4
Coverage Details
Total News Sources41
Leaning Left8Leaning Right4Center10Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 36%
C 45%
R 18%
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