-
Retail trade, January 2024
Retail sales decreased 0.3% to $67.0 billion in January. Sales were down in three of nine subsectors and were led by decreases at motor vehicle and parts dealers (-2.4%). Core retail sales—which exclude gasoline stations and fuel vendors and motor vehicle and parts dealers—were up 0.4% in January. In volume terms, retail sales increased 0.2% in January. The largest decrease in retail sales in January was recorded by motor vehicle and parts dealers (-2.4%), which recorded their first decline in five months. Lower sales at new car dealers (-3.0%) led the decrease. Gains at used car dealers (+4.5%) and automotive ... (full story)