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Retail Sales Rebound With 2% Growth in January

March 11, 2019

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Following is disastrous December that saw retail sales drop 1.6%, the biggest decrease in a decade, industry sales increased a modest .2% in January, reports the Commerce Department.

The estimated $504.4 billion retail collected in January represents a .2% increase over the previous month, and 2.3% increase over January 2018.

Sales from November 2018 through January 2019 showed more significant growth, up 2.6% year-over-year. In addition, the Commerce Department updated previously reported numbers for November 2018 through December 2018 from down 1.2% to down 1.6% percent.

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