Retail, Food Services Sales Up 0.1% for January

The Department of Commerce released its monthly report [opens in PDF] on total domestic retail and food services sales today, reporting a month-to-month increase of 0.1% in January.

While the advance doesn't sound like much, the $416.6 billion spent in the area is 4.4% higher than the January 2012 figure. Sales from auto and other motor vehicle dealers rose more markedly, advancing 9.4% over January 2012. Nonstore retailers were up 15.7% from January 2012.

The January bump follows a 0.5% increase from November to December.

Statistics are not necessarily exact, and may vary or be amended in coming months. The Commerce Department polled more than 5,000 retail and food services firms and subsequently weighted, benchmarked, and extrapolated the data to be representative of the more than 3 million retail and food services firms in the U.S.

The next monthly report of this type is slated to be released March 13.

link


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2253261, ~/Articles/ArticleHandler.aspx, 10/25/2014 12:42:44 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement