Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
The pace of U.S. retail sales skyrocketed in January after a weak December holiday season, with growth seen in every category. Total sales rose 5.4% through the month, the Commerce Department said Wednesday, outpacing market expectations, but in line with the MNI Reality Check published earlier this week.
Sales at motor vehicle and parts dealers rose 3.1% in January following a smaller 2% increase in December. Ahead of the release, Charlie Chesbrough, senior economist at Cox Automotive, told MNI vehicles sales would likely hit a 12-month high in January. Gasoline station sales were up 4%, slowing from a 6.5% gain last month. Excluding motor vehicle sales, retail sales were up 5.9%. Excluding vehicle and gas station sales, retail sales rose 6.1% in January.
Restaurant sales were up 6.9% in January following a 4.6% decline in December but were still down 16.6% from a year earlier.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.