Retail Sales Declined 0.8% in January

Washington, DC, February 15, 2024-Advance estimates of U.S. retail and food services sales for January 2024 were $700.3 billion, down 0.8% from the previous month and up 0.6% above January 2023, according to the U.S. Census Bureau.

Total sales for the November 2023 through January 2024 period were up 3.1% from the same period a year ago. The November 2023 to December 2023 percent change was revised from up 0.6% to up 0.4%.

Retail trade sales were down 1.1% from December 2023, and down 0.2% below last year. Nonstore retailers were up 6.4% from last year, while food services and drinking places were up 6.3% from January 2023.