Retail sales make biggest drop in almost 2 years

US retail sales post biggest drop in nearly two years amid winter freeze
U.S. retail sales dropped by the most in nearly two years in January, likely weighed down by frigid temperatures, wildfires and motor vehicle shortages, suggesting a sharp slowdown in economic growth early in the first quarter.
Retail sales see biggest drop in a year to start 2025
New data out Friday showed retail sales declined more than expected in the first month of 2025. Headline retail sales fell 0.9% in January, more than the 0.2% decline economists had expected, according to Bloomberg data.
Retail sales slumped 0.9% in January, down much more than expected
With consumer spending making up two-thirds of economic activity in the U.S., the sales numbers indicate potentially weaker growth for the first quarter.
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.
Do you buy the retail sales number?
Retail sales — a grand total of how much consumers spent in this economy — fell 0.9% from December to January. What happened?
Retail Sales Fell 0.9% in January
U.S. retail sales fell more than expected in January, dropping a seasonally adjusted 0.9% from December to $723.9 billion, the Commerce Department said. Economists surveyed by The Wall Street Journal had expected a drop of 0.
US retail sales plunged along with temperatures in January after a bustling holiday season
Sales plummeted 2.8% last month at auto dealers and slumped at furniture stores, home and garden centers. Even in the usually strong online retail sector saw a 1.9% decline. Sales rose at general merchandise stores, a category that includes big retailers like Walmart and Target, and at restaurants and bars.
Expert explains drop in January retail sales
Retail expert Rich Hollander sits down with FOX 10's Ellen McNamara and explains why retail spending is down .9% in January and if it is a sign of an incoming recession.
US retail sales drop by most in two years amid fires, storms
U.S. retail sales slumped in January by the most in nearly two years, indicating an abrupt pullback by consumers after a spending spree in 2024.
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.
January retail sales fall a much more-than-expected 0.9%
According to a Friday U.S. Census Bureau report, retail sales for January were down 0.9% from the December. But total sales for November 2024 - January 2025 were up 4.2%.
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U.S. retail sales surged 4.8% year-over-year in January, rising to $668 billion, setting the stage for unexpectedly strong ...