US retail sales rose 0.2% in January, vs 0.1% drop expected
The Commerce Department said Monday that retail sales increased just 0.2 percent, after a sharp fall of 1.6 percent in December, the biggest drop in nine years.
The economy has stumbled after healthy growth last summer and fall. Weaker economies overseas, the U.S.-China trade fight, and the 35-day government shutdown dented consumer and business confidence. Economists believe growth could fall below a 1 percent annual rate in the first three months of this year.
In January, auto sales plunged by the most in five years, and furniture and electronics stores sales also declined.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. net long dollars hit highest since late December: CFTC, ReutersSpeculators boosted their net long U.S. dollar position to its highest level sin...
Read more »
US construction spending unexpectedly falls in DecemberU.S. construction spending unexpectedly fell in December as investment in both private and public projects dropped, further evidence the economy lost momentum at the tail end of 2018.
Read more »
U.S. construction spending falls, fourth quarter GDP seen revised lowerU.S. construction spending unexpectedly fell in December as investment in both p...
Read more »
U.S. housing starts increase more than expected in JanuaryWASHINGTON, March 8 - U.S. homebuilding increased more than expected in January ...
Read more »
US housing starts climbed 18.6% in JanuaryU.S. housing starts jumped 18.6 percent in January, as builders ramped up construction of single-family houses to the fastest pace in eight months.
Read more »
U.S. housing starts climb 18.6% in January, permits rise 1.4%
Read more »
U.S. private job growth slows in February but January revised sharply higher: ADPU.S. companies hired 183,000 workers in February, falling short of analyst forec...
Read more »
U.S. government posts $9 billion surplus in JanuaryThe U.S. federal government posted a $9 billion surplus in January, according to...
Read more »