Retail sales fell by 0.9% in January, much more than expected

Consumers significantly reduced expenditure in January to be weakening in economic growth, a report of trade departments on Friday.

Retail sales DOW Jones fell by 0.9% of the revised by 0.7% in December by 0.7% due to the decrease of 0.2%. They have been adjusted for all sales for all sales, but not inflation for a month, where prices rose by 0.5%.

Excluding cars, prices fell by 0.4%, also for the increase in consensus for an increase of 0.3%. The size of the categories and figures that direct home products directly listed by 0.8% dropped by 0.8% after rising by 0.8%.

With consumers that make up two-thirds of all US economic activities, sales numbers may weaken growth in the first quarter.

4.6% of sports goods, music and bookstores per month, and online outlets fell by 1.9% and 2.8% of motor vehicles and parts. Along with food and drinking establishments, gas stations rose by 0.9%.

The future of the stock exchange Following the liberation was made in somewhat negative territories, and the treasure lost the earth. Merchants made the federal reservations again betting on interest rates.

“It’s been a dramatic fall, but several factors can affect the alarm. Some weather conditions have been bad in January, due to fat vendor incentives,” Robert Frick has a corporate economist with the Corporate Credit Credit Credit. “December was particularly revised, the average consumer expenditure is strong,” he added.

Inflation remains before the goal of 2% of FED. A Consumer price index He won 0.5% in January and showed the inflation rate of 3% of the year. However, Producer price indexA proxy for wholesale prices showed some softness in the pipe keys.

In other economic news on Friday, the Office of Labor Statistics reported Import prices In January, 0.3% accelerate, in accordance with April 2024, in accordance with the highest movement expectations of a month. Throughout the year, import prices rose by 1.9%.

Fuel prices rose by 3.2% per month, even the biggest profits from April 2024. Food, feeding and drink costs rose by 0.2% in December by 3% rising.

Export prices also increased by 1.3%.