Company Logo

Home industry retail january retail sales decrease from December following holiday season

January retail sales decrease from December following holiday season


 Retail sales lower after December

Retail sales expanded at a quick pace in December, rising by an adjusted 0.4%, but declined by 0.8% in January, according to a report issued by the Commerce Department on Thursday.

Following their customary holiday season overspending, Americans reduced their expenditures in January more than they had anticipated. According to a report released on Thursday by the Commerce Department, retail sales decreased by 0.8% in January after growing at a rapid rate in December, when they increased by an adjusted 0.4%. Sales for the month decreased by 0.5% when petrol stations and auto dealerships were excluded. The monthly result had not been this low since March of last year, and the reduction was worse than the 0.10% drop that experts had predicted.

A portion of the decline was attributed by economists to the snowy weather, but they also noted that the slowdown suggests that consumers may be giving in to the pressure of rising interest rates and other financial obstacles and that the economic momentum that began in late 2023 may be beginning to wane. Roughly two thirds of economic activity is driven by consumers.

When vehicles, petrol, building materials, and restaurant meals are excluded, the sales of what is known as the "control group," which is used to measure economic growth, decreased by 0.4% in January. Analysts predicted a rise.

Retailers and companies looking for lower borrowing rates may find respite from the possibility that the Federal Reserve may eventually begin to reduce rates, as indicated by the retail sales data. Rising incomes and a robust labor market continue to drive household expenditure even in the face of higher borrowing costs and higher prices.

Business News

Recommended News

Most Featured Companies

ciobulletin-aatrix software.jpg ciobulletin-abbey research.jpg ciobulletin-anchin.jpg ciobulletin-croow.jpg ciobulletin-keystone employment group.jpg ciobulletin-opticwise.jpg ciobulletin-outstaffer.jpg ciobulletin-spotzer digital.jpg ciobulletin-virgin incentives.jpg ciobulletin-wool & water.jpg ciobulletin-archergrey.jpg ciobulletin-canon business process services.jpg ciobulletin-cellwine.jpg ciobulletin-digital commerce bank.jpg ciobulletin-epic golf club.jpg ciobulletin-frannexus.jpg ciobulletin-growth institute.jpg ciobulletin-implantica.jpg ciobulletin-kraftpal technologies.jpg ciobulletin-national retail solutions.jpg ciobulletin-pura.jpg ciobulletin-segra.jpg ciobulletin-the keith corporation.jpg ciobulletin-vivolor therapeutics inc.jpg ciobulletin-cox.jpg ciobulletin-lanner.jpg ciobulletin-neuro42.jpg ciobulletin-Susan Semmelmann Interiors.jpg ciobulletin-alpine distilling.jpg ciobulletin-association of black tax professionals.jpg ciobulletin-c2ro.jpg ciobulletin-envirotech vehicles inc.jpg ciobulletin-leafhouse financial.jpg ciobulletin-stormforge.jpg ciobulletin-tedco.jpg ciobulletin-transigma.jpg ciobulletin-retrain ai.jpg
ciobulletin-abacus semiconductor corporation.jpg ciobulletin-agape treatment center.jpg ciobulletin-cloud4wi.jpg ciobulletin-exponential ai.jpg ciobulletin-lexrock ai.jpg ciobulletin-otava.jpg ciobulletin-resecurity.jpg ciobulletin-suisse bank.jpg ciobulletin-wise digital partners.jpg ciobulletin-appranix.jpg ciobulletin-autoreimbursement.jpg ciobulletin-castle connolly.jpg ciobulletin-cgs.jpg ciobulletin-dth expeditors.jpg ciobulletin-form.jpg ciobulletin-geniova.jpg ciobulletin-hot spring it.jpg ciobulletin-kirkman.jpg ciobulletin-matrix applications.jpg ciobulletin-power hero.jpg ciobulletin-rittenhouse.jpg ciobulletin-stt logistics group.jpg ciobulletin-upstream works.jpg ciobulletin-x2engine.jpg ciobulletin-kastle.jpg ciobulletin-logix.jpg ciobulletin-preclinical safety (PCS) consultants ltd.jpg ciobulletin-xcastlabs.jpg ciobulletin-american battery solutions inc.jpg ciobulletin-book4time.jpg ciobulletin-d&l education solutions.jpg ciobulletin-good good natural sweeteners llc.jpg ciobulletin-sigmetrix.jpg ciobulletin-syncari.jpg ciobulletin-tier44 technologies.jpg ciobulletin-xaana.jpg

Latest Magazines

© 2024 CIO Bulletin Inc. All rights reserved.