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US Retail Sales unexpectedly declined in January

Wednesday, Feb 14 2018
US Retail Sales unexpectedly declined in January

U.S. retail sales unexpectedly declined in January and December receipts were revised lower, indicating consumer demand in the first quarter may cool, according to Commerce Department figures released Wednesday. Overall sales fell 0.3% (est. 0.2% gain), the most since February 2017, after little change in prior month (prev. 0.4% increase).

Purchases at automobile dealers dropped 1.3%, the most since August.  So-called retail-control group sales, which are used to calculate GDP and exclude food services, auto dealers, building materials stores and gasoline stations, unchanged following a revised 0.2% decrease in December (prev. 0.3% gain). 7 of 13 major retail categories showed declines in receipts.

Last modified on Thursday, 15 February 2018
More in this category: « Eurozone GDP grew by 0.6% in Q4 US CPI increased by 0.5% »

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