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Saturday, April 4, 2020
HomeNewsEconomyAdvance Retail Sales Gain Solidly in January

Advance Retail Sales Gain Solidly in January

Group of friends sitting outdoors with shopping bags; several people holding smartphones and tablets. (Photo: AdobeStock/ OneInchPunch/PPD)

The advance estimates of U.S. retail sales for January was $529.8 billion, an increase of 0.3% (±0.4%) from December, and 4.4% (±0.7%) year-over-year.

Forecasts ranged from a low of 0.3% to a high of 0.5%. The consensus forecast was 0.3%.

Total sales for the period from November 2019 through January 2020 were up 4.4% (±0.5 percent) from the same period a year ago. The November 2019 to December 2019 percent change was revised from up 0.3% (±0.4 percent)* to up 0.2% (±0.2%).

Retail trade sales were up 0.1% (±0.4%) from December 2019, and 4.0% (±0.7%) above last year. Gasoline stations were up 10.4% (±1.2%) from January 2019, while nonstore retailers were up 8.4% (±1.4%) from last year.

Written by
Staff Writing Group

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