US retail sales drop by most in 10 months in January
WASHINGTON D.C.: Amid low temperatures and difficulties in adjusting data for seasonal fluctuations at the start of the year, U.S. retail sales fell by the most in 10 months in January, according to a report from the Commerce Department published this week.
The report also indicated slowing momentum in consumer spending as retail sales were revised lower in November and December 2023, despite a tight labor marke