Retail Sales Rose in January, but Didn’t Make Up for Lost December Spending - News Summed Up

Retail Sales Rose in January, but Didn’t Make Up for Lost December Spending


WASHINGTON—Consumer spending recovered only modestly at the start of the year, signaling a slowdown in economic growth between the fourth and first quarters. Retail sales, a gauge of spending at restaurants, bricks-and-mortar establishments, and online stores, rose a seasonally adjusted 0.2% in January from a month earlier to $504.4 billion, the Commerce Department said Monday. Economists surveyed by The Wall Street Journal expected flat sales.


Source: Wall Street Journal March 11, 2019 11:45 UTC



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