PiCK
US January retail sales down 0.2% m/m…slightly above expectations
Uk Jin
Summary
- The US Department of Commerce said January retail sales in the US fell 0.2% m/m, coming in above market expectations.
- It added that the decline was 0.1 percentage point smaller than economists’ forecast (-0.3%).
- It said the monthly US retail sales report is viewed as an indicator to gauge changes in consumption, a key pillar of the US economy.
Forecast Trend Report by Period
US retail sales fell 0.2% from the previous month last month, coming in above market expectations.
The US Department of Commerce said on the 6th (local time) that US retail sales in January declined 0.2% m/m. The figure was 0.1 percentage point above economists’ forecast (-0.3%).
On a year-on-year basis, retail sales rose 3.2%.
The monthly US retail sales report is an advance estimate that primarily tracks merchandise sales within total consumption. It is seen as a gauge of shifts in consumer spending, a key pillar of the US economy.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
