US retail sales decline

US retail sales weakened at the start of the year.

They fell by 0.2 percent month-on-month in January, as the Department of Commerce announced in Washington on Friday. The retail sector is of great importance to the US economy. Economists had, on average, anticipated a slightly stronger sales decline of 0.3 percent.

In the previous month, revenues had stagnated. Excluding volatile vehicle sales, retail revenues remained unchanged in January, as expected.

This article was translated to English using an AI tool.

FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@fashionunited.com