From the Census Bureau report:
The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for January, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $439.8 billion, a decrease of 0.8 percent from the previous month, but up 3.3 percent above January 2014. ... The November to December 2014 percent change was unrevised from -0.9 percent.Click on graph for larger image.
This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline).
Retail sales ex-gasoline increased slightly.
Retail sales ex-autos decreased 0.9%.
The second graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993.
Retail and Food service sales ex-gasoline increased by 6.9% on a YoY basis (3.3% for all retail sales).
The decrease in January was below consensus expectations of a 0.5% decrease. Sales for both November and December were revised up slightly.
Although weaker than expected, after removing the impact of lower gasoline prices, this was an OK report.
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