Thursday, February 12, 2015

Retail Sales Continue to Slip as Gas Prices Decline

Retail and food service sales for January, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $439.8 billion, a decrease of 0.8% from the previous month, but 3.3% above January 2014, according to a report released by the U.S. Census Bureau. Falling gasoline prices continue to drive the decline.

Gasoline stations were down 9.3% from December and 23.5% from the previous year, as gas prices continued to decline. Retail trade sales were down 1.0% from December, but up 2.4% above last year. Food services and drinking places were up 11.3% from January 2014 and auto and other motor vehicle dealers were up 10.7% from last year

Read the Census report.

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