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US Retail Sales down by 0.8%

Thursday, Feb 12 2015
U.S. retail and food services sales for January, adjusted for seasonal variation and holiday and trading-day differences were $439.8 billion, a decrease of 0.8% from the previous month, but up 3.3% above January  2014. Analysts were anticipating smaller decrease by 0.4%. Total sales for the November 2014 through January 2015 period were up 3.8% from the same period a year ago.  
 
Retail trade sales were down 1.0% from December 2014, but up 2.4% above last year. Food services and drinking places were up 11.3% from January 2014 and auto and other motor vehicle dealers were up 10.7% from last year. Gasoline stations were down 23.5% from the previous year.  
 
Separate report on Uneployment Claims showed that in the week ending February 7, the advance figure for seasonally adjusted initial claims was 304,000, an increase of 25,000 from the previous week's revised level. Analysts were predicting no change. The 4-week moving average was 289,750, a decrease of 3,250 from the previous week's revised average. 
 
After the data USD weakend against its major rivals. Euro is currently being traded around 1.1350 level, Sterling is few points above 1.5370 area, while Aussie is slightly below 0.77 handle.
More in this category: « Bank of England sees little need to raise interest rates this year French GDP rose in line with market forecasts »

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