US Retail Sales Jump by an Above-Estimate 3.8% in January

Source: Census Bureau 

The US posted a 3.8% rise in retail and food services sales to $649.8 billion in January 2022, after a decline of 2.5% the previous month. The sales surpassed estimates of a 2.0% gain. SPY is down -0.40%, DXY is down -0.06%.

• Motor vehicle sales were up 5.7% in January, while sales at non-store retailers rose by 14.5% after both declined in December.
• On an annual basis, retail sales rose by 13.0% in January compared to the same month of 2021.
• Total retail sales for November 2021 up to January 2022 rose by 16.1% from the prior year.
• Retail trade sales rose by 4.4% in January from December capping an annual 11.4% increase.