U.S. retail sales dropped sharply last month, in part because cold weather kept more Americans indoors and dented sales at car dealers and most other stores. Retail sales dropped 0.9% in January from the previous month,

Consumer spending in January was down from the robust pace in December but still posted a 5.44% gain when compared with January 2024, according to the National Retail Federation

U.S. retail sales fell more than expected in January, likely as frigid temperatures kept consumers from automobile showrooms. Retail sales dropped 0.9% last month after an upwardly revised 0.7% increase in December,

Retail sales fell 0.9% in January from the previous month, the Commerce Department said, after two months of healthy gains. It was a much bigger drop than economists expected and the biggest decline in a year.