US retail sales ex-automobiles rose slightly in January after a sharp drop in December, reflecting cautious optimism taken by consumers after athe 35 day partial government shutdown.
The Commerce Department said Monday that retail sales increased just 0.2%, after a sharp fall of 1.6% in December, the biggest US decliner in 9 years.
The economy has slowed after strong growth last Summer and Fall.
Weaker economies overseas, the US-China trade dispute, and the 35-day government shutdown dampened consumer and business confidence.
Economists believe growth could fall below a 1% annual rate in the 1st 3 months of this year.
In January, automobile sales fell by the most in 5 years, and furniture and electronics stores sales also declined.
Have a terrific week
Latest posts by HEFFX Australia (see all)
- Geely Automobile (0175.HK) Technical Outlook - August 11, 2020
- Sino Land Company (0083.HK) HEFFX Technical Analysis - August 11, 2020
- A Closer Look At China Overseas Grand Oceans Group (0081.HK) - August 10, 2020