US January Retail Sales Rebounds: 0.2% v 0.0% eyed

Advance estimates of U.S. retail and food services sales for January 2019, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $504.4 billion, an increase of 0.2 percent (±0.5 percent)* from the previous month, and 2.3 percent (±0.7 percent) above January 2018. Total sales for the November 2018 through January 2019 period were up 2.6 percent (±0.5 percent) from the same period a year ago. The November 2018 to December 2018 percent change was revised from down 1.2 percent (±0.5 percent) to down 1.6 percent (±0.3 percent). Retail trade sales were up 0.2 percent (±0.5 percent)* from December 2018, and 1.9 percent (±0.5 percent) above last year. Building material and garden equipment and supplies dealers were up 8.7 percent (±2.3 percent) from January 2018, while nonstore retailers were up 7.3 percent (±2.1 percent) from last year.

U.S. Census Bureau

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Ed Moya

Ed Moya

Senior Market Analyst at OANDA
With more than 20 years’ trading experience, Ed Moya is a market analyst with OANDA, producing up-to-the-minute fundamental analysis of geo-political events and monetary policies in the US, Europe, the Middle East and North Africa. Over the course of his career, he has worked with some of the world’s leading forex brokerages and research departments including Global Forex Trading, FX Solutions and Trading Advantage. Most recently he worked with TradeTheNews.com, where he provided market analysis on economic data and corporate news. Based in New York, Ed is a regular guest on several major financial television networks including BNN, CNBC, Fox Business, and Bloomberg. He is often quoted in leading print and online publications such as the Wall Street Journal and the Washington Post. He holds a BA in Economics from Rutgers University. Follow Ed on Twitter @edjmoya ‏
Ed Moya