Retail Sales Fall In January

Sales were down 0.4 percent, Reuters reported on Feb. 13. Estimates for January called for a 0.2 percent increase in retail sales.

The Commerce Department also revised December’s rate to a 0.1 percent decline from a previous 0.2 percent boost.

“Stripping out automobiles, gasoline, building materials and food services, so-called core sales fell 0.3 percent after rising by a downwardly revised 0.3 percent in December. Core sales correspond most closely with the consumer spending component of gross domestic product,” Reuters reported.

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