Store sales move slightly up


Retail sales in the United States increased by 0.2 percent in January compared to the previous month. The US Department of Commerce reported this.

On average, economists assumed a stabilization compared to a month earlier. US retail sales declined by a revised 1.6 percent in December. A decrease of 1.2 percent was reported earlier for that month. This is the strongest fall in ten years.

The figures showed that the sale of building materials was on the rise, just like food, sports and hobby items. Car sales went down, as did the sale of fuel, furniture and clothing. Excluding cars and fuel, there was a 1.2 percent increase in retail sales.

The slight rebound in store sales in January may somewhat ease investors’ concerns about a weakening of the US economy and less strong consumer spending. Consumer spending accounts for around 70 percent of the US economy.

By: Oliver I. Kjeldsen

Oliver I. Kjeldsen has a corporate finance and extensive expertise in company audit. He grants us amazing insights on taxation, international affairs and friendly advice on nearly any topic of interest. His email is

Add comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts


About us

EconomicInform, is a product of EconomicInform LLC. We sincerely believe that economics is one of the most interesting and most underappreciated – in terms of getting some enjoyment out of reading the subject articles – sciences. More on that - at the link. Feel free to drop us a line.