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Wednesday, February 26, 2020 12:56:37 PM EST



Retail Sales
Briefing.com Updated 14-Feb-20 09:41AM ET
Total retail sales increased 0.3% m/m in January, as did retail sales, excluding autos. Both were in-line with expectations. There were slight downward revisions to the December data.

Motor vehicle and parts dealer sales increased 0.2% after declining 1.7% in December.

Gasoline station sales were down 0.5% after increasing 0.4% in December.

Clothing and clothing accessories sales declined 3.1% after a large 2.7% increase in December.

Food services and drinking places sales rose 1.2% for the second straight month.

The key takeaway from the report is that discretionary spending was modest in January, which will contribute to a sense that Q1 GDP growth was apt to be modest even without any impact from the coronavirus.
 
JANDECNOVOCTSEP
Retail Sales0.3%0.2%0.2%0.3%-0.4%
Excluding Autos0.3%0.6%-0.2%0.2%-0.2%
Durable goods
Building Materials2.1%1.3%0.3%0.0%-1.7%
Autos/parts0.2%-1.7%1.6%1.1%-1.1%
Furniture0.6%-1.6%0.0%-0.7%1.1%
Nondurable goods
General Merchandise0.5%0.4%0.1%0.4%-0.9%
Food0.2%0.5%0.4%0.1%-0.8%
Gasoline stations-0.5%1.7%0.6%2.0%-0.1%
Clothing-3.1%2.7%-0.1%-0.2%0.1%
e*retailing/non-store0.3%-0.1%-0.4%-0.7%-0.1%