US retail sales drop by most in nearly a year after holidays
US retail sales drop by most in nearly a year after holidays
16/2/2024 6:50

US retail sales broadly declined in January, indicating consumers took a breather after a strong holiday shopping season.

The value of retail purchases, unadjusted for inflation, decreased 0.8% from December after a downward revision to the prior month, Commerce Department data showed Thursday. The drop was the biggest in nearly a year.

Source: Bloomberg

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