Skip to playerSkip to main content
  • 8 minutes ago
U.S. retail sales unexpectedly declined 0.2% in January, marking the biggest drop since May as weak consumer confidence and severe winter weather affect sales.
Transcript
00:00U.S. retail sales unexpectedly declined 0.2 percent in January, marking the biggest drop since May as weak consumer
00:07confidence and severe winter weather weighed on spending. Sales fell across many categories with the steepest declines at department stores,
00:15personal care shops, and gas stations. However, a core measure of retail spending that excludes volatile categories still rose modestly,
00:24suggesting underlying consumer demand remained relatively stable.
Comments

Recommended