Retail sales declined 0.2% in January from the prior month, the Commerce Department said Friday, the biggest decline since May. January’s reading came in below expectations of 0%, according to a poll of economists by data firm FactSet. The figures are adjusted for seasonal swings but not inflation. The report was delayed a few weeks because of last year’s government shutdown.
A persistent streak of weak or declining spending would spell trouble for the US economy, since people’s purchases making up about two-thirds of economic growth. However, economists widely expect bigger tax returns this year to perk up spending in the first half of 2026.
I am sure trump will blame Biden or Obama. But this is his economy, This is his war. This is his inflation and as we learned this morning in the loss of 62,000 jobs, this is his job market. Enjoy the ride!
A persistent streak of weak or declining spending would spell trouble for the US economy, since people’s purchases making up about two-thirds of economic growth. However, economists widely expect bigger tax returns this year to perk up spending in the first half of 2026.
I am sure trump will blame Biden or Obama. But this is his economy, This is his war. This is his inflation and as we learned this morning in the loss of 62,000 jobs, this is his job market. Enjoy the ride!
