<p>U.S. retail sales in January fell by 0.9% month-on-month, compared to an expected decline of 0.2%, with the previous value revised from a growth of 0.4% to a growth of 0.7%. The data shows that the decline in U.S. retail sales in January exceeded expectations, primarily due to severe winter weather and fires. Among 13 categories, sales in 9 categories declined, including automobiles, sporting goods, and furniture stores, indicating that factors beyond the weather may be at play. U.S. consumers are grappling with inflation, high borrowing costs, and rising debt defaults, which could impact future retail sales</p>

<p>U.S. retail sales in January fell 0.9% month-on-month, exceeding the expected decline of 0.2%. The previous value was revised from an increase of 0.4% to an increase of 0.7%. The decline was mainly affected by harsh winter weather and fires, with sales falling in 9 out of 13 categories, indicating that factors beyond weather are also at play. Consumers are facing inflation, high borrowing costs, and debt defaults, which may impact future retail sales</p>

Quick Review of U.S. Retail Sales in January