Retail Sales Tumble 0.9% in January, Worse Than Expected
The Census Bureau’s Advance Retail Sales Report for January showed a sharper-than-expected decline, with headline sales falling 0.9%—the largest monthly drop since March 2023 and the first decline in five months. Meanwhile, December’s figures were revised upward to a 0.7% gain. The latest data came in weaker than the anticipated 0.2% drop in consumer spending. [...] The post Retail Sales Tumble 0.9% in January, Worse Than Expected appeared first on ETF Trends.
The Census Bureau’s Advance Retail Sales Report for January showed a sharper-than-expected decline, with headline sales falling 0.9%—the largest monthly drop since March 2023 and the first decline in five months. Meanwhile, December’s figures were revised upward to a 0.7% gain. The latest data came in weaker than the anticipated 0.2% drop in consumer spending. [...]
The post Retail Sales Tumble 0.9% in January, Worse Than Expected appeared first on ETF Trends.
