US retail sales slip in January, marking an eight-month low

1 min read
Source: CNN
US retail sales slip in January, marking an eight-month low
Photo: CNN
TL;DR

U.S. retail sales fell 0.2% in January—the largest drop since May—dragged by department stores, personal care shops and gasoline stations, while the core retail measure (the control group) rose about 0.35%, signaling underlying demand. The Commerce Department report was delayed by last year’s government shutdown, and economists expect bigger tax refunds to bolster spending in early 2026.

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