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U.S. Retail Sales Rebounded Sharply in January
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The consumer roared back last month with a 3% increase in retail spending that was the largest monthly gain in nearly two years, adding to evidence that U.S. economic growth picked up at the start of the year.
The seasonally adjusted jump in U.S. retail sales in January from December, which the Commerce Department reported on Wednesday, followed declines in the final two months of 2022 as shoppers spent more on vehicles, furniture, clothing and dining out.
Read more on wsj.comAbout this in other media
U.S. Retail Sales Rebounded Sharply in January wsj.com /1 year ago
January PPI Report Shows Producer Prices Rose, Pointing to Persistent Inflation wsj.com /1 year ago
U.S. Home Sales Fell in January for 12th Straight Month wsj.com /1 year ago
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