U.S. January Retail Sales Show Unexpected Decline

According to Odaily, the United States experienced a significant drop in retail sales for January, with the monthly rate falling by 0.9%. This decline was steeper than the anticipated 0.1% decrease. The previous month's figure was revised from 0.40% to 0.7%. Additionally, the retail sales control group saw a decrease of 0.8%, contrary to the expected 0.3% increase, with the prior value adjusted from 0.70% to 0.8%. Core retail sales also fell by 0.4%, missing the forecasted 0.3% rise, and the previous month's figure was revised from 0.40% to 0.7%.