Share Prices & Company Research

Market News

17 Feb 2021 | 13:45

US retail sales rocket in January

(Sharecast News) - Retail sales volumes in the US shot higher last month with across the board strength in all categories. According to the Department of Commerce, retail sales volumes surged at a month-on-month pace of 5.3% in January to reach $509.8bn in seasonally adjusted terms.

That was far better than the 0.8% rise which the analyst consensus had penciled-in.

In turn, that pushed the year-on-year rate of growth in retail sales up to 7.4%.

Sales of furniture and electronic goods were strongest, rising by 12.0% and 14.7% month-on-month, respectively.

Building materials suppliers meanwhile registered a big 4.6% rise, as did fashion outlets, with sales at the latter 5.0% higher.

Sporting goods stores saw sales jump by 8.0% while those of non-store retailers surged by 11.0%.



Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
Continuing our Personal Service: View our Latest COVID-19 Update: 30th April 2021
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.