US Retail Sales Drop 0.8% In January
Sales in U.S. retail and food stores decreased 0.8 percent from the previous month, following a 0.9 percent drop in December as receipts at car dealers, gasoline stations and clothing stores were smaller.
2/12/2015 7:13:34 PM
Six of 13 major categories showed declines in January. Receips at gasoline stations declined 9.3 percent after a 7.4 percent decrease in December. Sales dropped 0.5 percent at automobile dealers after a 0.8 percent decrease the prior month. Excluding gasoline and car sales, sales rose 0.2 percent.
Sales at food and beverage stores declined 0.3 percent after rising 0.6 percen a month earlier. Sales at clothing stores fell 0.8 percent, and receips at sporting goods stores were down 2.6 percent, their biggest drop in a year. Receipts at online stores rose 0.5 percent, while sales at electronic and appliance stores gained 0.3 percent.
Total sales for the Janaury 2014 through January 2015 period were up 3.8 percent. Food services and drinking places were up 11.3 percent from January 2014 and auto and other motor vehicle dealers were up 10.7 percent from last year. Gasoline stations were down 23.5 percent from the previous year.