January retail sales up 5.44%, consumer confidence falls
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
US retail sales plunged along with temperatures in January after a bustling holiday season
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.
January retail sales slipped almost 1%, but views differ on what it means
On Friday, the Census Bureau gave us retail sales data for January, which fell 0.9% from December. That’s a much bigger drop than economists were expecting. Now, we usually see a drop in retail sales at the start of the year as people and their bank accounts try to recover from their holiday spending sprees.
Discounting helps retail sales post strong rebound in January
Heavy post-Christmas discounting helped retail sales rise robustly in January, according to a new survey from the British Retail Consortium.
Retail sales slumped 0.9% in January, down much more than expected
Consumers sharply curtailed their spending in January, indicating a potential weakening in economic growth ahead, according to a Commerce Department report Friday.
US retail sales post largest drop in nearly two years in January
U.S. retail sales dropped by the most in nearly two years in January, likely because of frigid temperatures and moderation following hefty gains in the past four months, suggesting a sharp slowdown in economic growth early in the first quarter.
US retail sales plunged last month as consumers pulled back after busy holiday season
Retail sales dropped 0.9% in January from the previous month, the Commerce Department said, after two months of healthy gains. January's average temperature was the lowest since 1988, according to Pantheon Macroeconomics,
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