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.

DocumentId: 2253261, ~/Articles/ArticleHandler.aspx, 4/17/2014 5:45:25 PM

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...

TREND TRACKER: Get Rich When the Web Goes Dark

It's time to say "goodbye" to your Internet! One bleeding-edge technology is about to put the World Wide Web to bed. And if you act right away, it could make you wildly rich. Experts are calling it the single largest business opportunity in the history of capitalism… The Economist is calling it "transformative"... but you'll probably just call it "how I made my millions." Big money is already on the move. Don't be too late to the party – find out the 1 stock to own when the Web goes dark.


Advertisement