Keeping you up to date on the latest data releases.
- Retail Sales
Total retail sales decreased at a nonannualized rate of −0.4 percent in January, but year-over-year sales are up 2.6 percent. Auto sales decrease 2.1 percent, but over the past 12 months retail sales excluding autos are up 2.2 percent. Contributing to the monthly gain in total sales were improvements for building materials (up 1.4 percent), gasoline stations (up 1.1 percent), and electronics and appliances (up 0.4 percent). Sectors that saw the largest declines in January were motor vehicles and parts (down −2.1 percent), sporting goods and hobbies (down −1.4 percent), and clothing and accessories ( down −0.9 percent). A less volatile indicator of sales growth, “core” retail sales (which excludes sales of autos, building supplies, and gas stations) decreased −0.2 percent in January. Year-over-year, core retail sales are up 2.4 percent.