In January 2025, advance estimates for U.S. retail and food services sales, adjusted for seasonal fluctuations, holidays, and trading-day differences (but not for inflation), amounted to $723.9 billion.
This figure reflects a 0.9% decline (±0.5%) from December 2024 but marks a 4.2% increase (±0.5%) compared to January 2024.
For the three-month period spanning November 2024 to January 2025, sales increased by 4.2% (±0.5%) compared to the same period the previous year. Additionally, the month-over-month sales growth for December 2024 was revised upward from an initial estimate of 0.4% (±0.5%) to 0.7% (±0.3%), indicating stronger-than-expected performance in the final month of 2024.
Retail trade sales experienced a 1.2% decline (±0.5%) from December 2024, but remained 4.0% higher (±0.5%) than in January 2024, demonstrating continued year-over-year growth.
Overall, while retail sales showed a slight pullback from the previous month, the annual growth trends suggest sustained consumer activity across key sectors.
Source: US Census Bureau
The euro slipped to $1.1660 as peace talks between Trump, Zelenskiy, and EU leaders raised concerns, while attention turned to Powell’s Jackson Hole speech and Fed minutes, with a September rate cut likely.
Detail Markets Steady Ahead of PMI and Jackson Hole (08.18.2025)The euro held steady near 1.1690 in early Asian trading on Monday after last week’s 0.5% gain, supported by a dovish Federal Reserve outlook and softer U.S. data.
DetailThe dollar index slipped 0.3% to 97.85, while gold fell near $3,340 on reduced Fed cut bets. Brent crude dropped 1.5% to $65.80 on weak China data and OPEC+ supply. Bond yields climbed, with the US 10-year at 4.3% and Japan’s JGB above 1.56% after strong GDP. In Europe, the ECB ended its easing cycle as Eurozone GDP rose 0.1%; UK gilt yields hit 4.60% after GDP beat forecasts.
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