Retail sales declined in January, four-times more than expected
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5 ай бұрынUS retail sales declined by 0.8% month-over-month in January, four times higher than the US Census Bureau's estimates. Core retail sales - which excludes gas and auto sales - fell by 0.5% while experts expected gains of 0.2%.
Yahoo Finance Live co-hosts Brad Smith and Rachelle Akuffo break down the latest retail sales print, taking into consideration inflationary pressures still accosting consumers' wallets coming off of the 2023 holiday shopping season.
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@RickEvans669 5 ай бұрын
People are not buying right after Christmas purchases as well as driving in snow and ice in major parts of the country unless they have to. This is not brain surgery folks!
@Flipflapp 5 ай бұрын
Yes but the expectations already takes that into account…
@tyroneanderson5619 5 ай бұрын
When your savings are depleted and credit cards are maxed out, what do you think will happen?
@GreenNutGuy 5 ай бұрын
There goes GDP.
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