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.
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,
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.
US retail sales fall sharply in January
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,
Consumer confidence drops amid Trump turmoil: Polls
American consumers are finally beginning to understand that tariffs will hit them, according to polls. Republicans believe ...
Canadian Tire Sees Tariff Threat Dragging on Budding Consumer Confidence, Sales
Canadian Tire posted fourth-quarter results that showed improved shopping patterns, but executives say those gains are ...
US inflation heats up to 3% for first time since June
It’s not just eggs. Many commonly purchased goods and services got more expensive in January, driving inflation in the wrong ...
U.S. inflation worsened last month with the cost of groceries and gasoline rising
President Donald Trump pledged to reduce prices in last year’s campaign, though most economists worry that his many proposed ...
Consumer Sentiment Sinks In February: Economist Flags 'Unusually Large' Rise In Inflation Perception
US consumer confidence dips in Feb due to inflation worries, posing challenges for Fed's rate outlook. Stocks drop, yields surge, gold hits record.
US Consumer Sentiment Hits 7-Month Low After Trump Takes Office
Following Donald Trump's first few weeks as president, preliminary data shows consumer sentiment has dropped in February.