Retail sales fell 0.9 % in January, more than expected

Consumers sharply spent their spending in January, indicating a possible weakening of the upcoming economic growth, according to the report of the Ministry of Commerce on Friday.

Retail sales 0.9 % slipped for this month of 0.7 % revised profit in December, to the worse than Dow Jones’s estimate of a 0.2 % decrease. The total sales of the season are adjusted, but not inflation for a month, as prices increased by 0.5 %.

With the exception of cars, prices decreased by 0.4 %, as well as from consensus expectations by 0.3 %. The measurement of “control”, which comes out of many non -essential categories and numbers directly in GDP accounts by 0.8 % after a revised increase of up to 0.8 %.

With consumer spending constitute about two -thirds of all economic activity in the United States, sales figures indicate a possible weakening of the first quarter.

The receipts in sports stores, music and books decreased by 4.6 % per month, while online ports outlets reported a decrease of 1.9 %, car spending and spare parts by 2.8 %. Gas stations, along with food and drinking institutions, have reported a 0.9 % increase.

Futures in the stock market It was held in a little negative lands after the release, while the cabinet returns were lost. Traders raised the stakes that the Federal Reserve can reduce interest rates again, just for June.

Some of them said, “The decline was dramatic, but many diluted factors show that there is no cause for warning. Trader of consumer spending is still strong. “

Inflation remains 2 % before the Federal Reserve’s goal. the Consumer price index It recorded a 0.5 % gain in January and showed an annual inflation rate by 3 %. However, the Product price indexAnd a wholesale agent showed some softening in the main pipeline inputs.

In other economic news on Friday, the work statistics office mentioned this Importing prices It accelerated by 0.3 % in January, in line with expectations for the largest one -month step since April 2024. On an annual basis, import prices increased by 1.9 %.

Fuel prices increased by 3.2 % a month, as well as the largest gain since April 2024. Food, food and beverage costs increased by 0.2 % after a 3 % increase in December.

Export prices also increased, and 1.3 % increased.