United States: Retail sales moderate the pace in January
February 13, 2013
In January, retail sales increased 0.1% over the previous month in nominal terms. The reading came in below the 0.5% expansion recorded in December but was just in line with market expectations. Four out of the 13 categories that compose the index decreased in January, with miscellaneous store retailers as well as health and personal care recording the largest drops.
Retail sales excluding autos and gas - a closely watched subcategory within the retail trade index - rose 0.2% over the previous month. The reading came in well below the revised 0.7% increase seen in December (previously reported: +0.6% mom) but matched market expectations.
In annual terms, retail sales increased 4.4%, which came in below the 4.8% rise seen in December.