|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |    21st of February 2018
|   Banking  |   Insurance  |   Property  |   Mortgages  |   Economy  |   Investments  |   Credit Cards  |   Debt  |   Loans  |   Pensions  |   Companies  |  

Economy News feed Economy News

All Financial News feed All Financial News




US retail sales see slowdown in January

Bookmark and Share

by Kay Mitchell
”US

The Commerce Department today revealed US retail sales slowed in January – this was attributed to the heavy snowfall which gripped parts of the country during the month.

According to the Commerce Department, sales grew 0.3% in January on a monthly basis – the slowest gain in seven months.

However, on an annual basis, sales were 7.8% higher last month compared January 2010.

Meanwhile, December’s rise was revised downwards from 0.6% to 0.5%.

These figures are closely watched since consumer spending accounts for approximately two-thirds of economic output in the US.

The figures were worse than economists had expected since sales were expected to be higher as consumers had more cash to spend following a social security tax cut.

Discuss this in the Finance Markets forums

Story link: US retail sales see slowdown in January



News posted: February 15, 2011

Financial Services:





Related financial stories to: US retail sales see slowdown in January:
Previous: «
Next: »

Visited 2904 times, 1 so far today

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Tags: , ,