US retail starts 2020 at “brisk” rate

17 February 2021

 

Summary:  US retail sales jump in January; rise much, much higher than expected figure; increase a “brisk start”; reversal in Feb expected given cold weather, new restrictions; growth in all retail categories; “non-store retailers” the largest influence on total.   US retail sales had been trending up since late 2015 but, commencing in late 2018, a series of weak or negative monthly results led to a drop-off in the annual...

read full story