Consumer Confidence Dips: Retail Sales See Unexpected Decline in January In January, retail sales experienced a significant decline of 0.8%, indicating a potential warning signal for the economy. This drop, reported by the Commerce Department, surpassed the modest 0.3% decrease economists had predicted, reflecting a more substantial consumer pullback than anticipated. Despite seasonal adjustments, the decrease was even evident when excluding auto sales, which fell by 0.6% against an expected increase. This trend suggests consumer spending is not keeping pace with inflation, as evidenced by the year-over-year sales growth of merely 0.6%. Such a sharp reduction in consumer spending could have implications for economic health, particularly if this trend continues. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts The Commodities Feed: Gold Nears $2,200/oz READ MORE US Budget Gap Widens 16% in First Four Months of Fiscal Year READ MORE Dollar strengthens after big shift in global rate outlook READ MORE Yellen Says She Regrets Saying Inflation Was‘Transitory’ READ MORE Why Britain Is Still Paying the Price for Gordon Brown’s Gold Bullion Blunder READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment