Haver Analytics
Haver Analytics
Global| Feb 17 2021

U.S. Retail Sales Soar Much More than Expected in January

Summary

• • PREVIOUS>>>>>Total retail sales including food service & drinking establishments declined 0.7% (+2.9% y/y) during December.......... The retail sales data can be found in Haver's USECON database. The Action Economics forecast is [...]


PREVIOUS>>>>>Total retail sales including food service & drinking establishments declined 0.7% (+2.9% y/y) during December..........

The retail sales data can be found in Haver's USECON database. The Action Economics forecast is in the AS1REPNA database.

Retail Spending (% chg) Jan Dec Nov Jan Y/Y 2020 2019 2018
Total Retail Sales & Food Services 5.3 -1.0 -1.3 7.4 0.4 3.5 4.4
  Excluding Autos 5.9 -1.8 -1.2 6.1 0.3 3.4 5.2
Retail Sales 5.1 -0.6 -1.0 10.8 3.2 3.3 4.2
 Retail Less Autos 5.7 -1.4 -0.8 10.2 3.8 3.2 5.1
  Motor Vehicle & Parts 3.1 2.0 -1.6 13.0 1.0 3.7 1.4
  Food & Beverage Stores 2.4 -1.4 1.5 11.8 11.2 2.5 2.9
  Gasoline Service Stations 4.0 6.5 -1.7 -7.8 -15.6 -0.5 9.3
Food Service & Drinking Places 6.9 -4.6 -3.6 -16.6 -19.2 4.6 5.8
  • Sandy Batten has more than 30 years of experience analyzing industrial economies and financial markets and a wide range of experience across the financial services sector, government, and academia.   Before joining Haver Analytics, Sandy was a Vice President and Senior Economist at Citibank; Senior Credit Market Analyst at CDC Investment Management, Managing Director at Bear Stearns, and Executive Director at JPMorgan.   In 2008, Sandy was named the most accurate US forecaster by the National Association for Business Economics. He is a member of the New York Forecasters Club, NABE, and the American Economic Association.   Prior to his time in the financial services sector, Sandy was a Research Officer at the Federal Reserve Bank of St. Louis, Senior Staff Economist on the President’s Council of Economic Advisors, Deputy Assistant Secretary for Economic Policy at the US Treasury, and Economist at the International Monetary Fund. Sandy has taught economics at St. Louis University, Denison University, and Muskingun College. He has published numerous peer-reviewed articles in a wide range of academic publications. He has a B.A. in economics from the University of Richmond and a M.A. and Ph.D. in economics from The Ohio State University.  

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