Market Updates
Retail and Food Services Sales Declined In January
Brian Turner
15 Feb, 2024
New York City
On the economic front, retail and food services sales declined in January from December, the Census Bureau announced Thursday.
Preliminary retail and food services sales, adjusted for calendar and seasonal factors but not for prices, decreased 0.8% from the previous month but were up 0.6% from a year ago.
December sales were revised lower to 0.4% from the previous estimate of 0.6%.
Retail trade sales were down 1.1% from December 2023 and 0.2% below last year.
Nonstore retailers were up 6.4% from last year, while food services and drinking places were up 6.3% from January 2023.
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