January Retail Sales Growth Best Since September

14 February 2001

Retail sales in the US saw their fastest growth for four months in January, according to the US Commerce Department.

The figures, released yesterday, show a 0.7% jump in retail sales over the course of last month, the highest figure since September and way ahead of December’s 0.1% rise.

In fact, January’s growth outstripped all previous months since July if auto sales are excluded.

However, economists are not yet laying to rest the spectre of recession – the coldest November and December on record may have pushed some sales into the new year, distorting the figures.

News source: Financial Times