January US Retail Sales Tumble Most In Almost 2 Years
After four months of strong gains, US retail sales were expected to decline in January data released this morning (-0.2% MoM exp) with the omniscient BofA analysts forecasting an even bigger 0.8% MoM decline.
Once again, BofA nailed it – as retail sales (nominal, remember) plunged 0.9% MoM in January (after December’s +0.4% MoM was revised up to +0.7% MoM). That is the biggest MoM drop since March 2023 (in a month marked by severe winter weather and deadly wildfires)…
Source: Bloomberg
Just for a sense of just how much this data is ‘adjusted’, the non-seasonally-adjusted retail sales for January actually crashed 16.5% MoM (post Xmas hangover, as it does every year)…
Source: Bloomberg
Nine of the report’s 13 categories posted decreases, most notably motor vehicles, sporting goods and furniture stores. The data encompassed a period marked by devastating wildfires in Los Angeles — the second-largest metropolitan area in the US — and severe winter weather in other parts with the country, which could have depressed brick-and-mortar shopping activity.
Source: Bloomberg
Wondering why sales slumped so hard – simple – the world and his pet rabbit max’d out their credit cards in December…
Source: Bloomberg
Core retail sales also fell (by 0.5% MoM) while the all-important Control Group – which feeds into the GDP calculation – saw a huge miss , dropping 0.8% MoM vs +0.3% MoM expected.
Source: Bloomberg
That is the biggest MoM drop for the Contrrol Group since March 2023 and bodes poorly for the start of Q1 GDP growth hopes.
Tyler Durden Fri, 02/14/2025 – 08:42
Source: https://freedombunker.com/2025/02/14/january-us-retail-sales-tumble-most-in-almost-2-years/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Online: | |
| Visits: | 1,677,321,772 |
| Stories: | 8,353,619 |
Whistler Blowers, Insiders
