The retail sales in the United States in January recorded the largest decline in nearly two years.

US Retail Sales in January Recorded the Largest Drop in Nearly Two Years

According to Agence FrancePresse, US retail sales in January recorded the  largest drop in nearly two years, with the decline exceeding expectations, and it occurred after an unexpected rise in inflation that US President Donald Trump vowed to rein in.Din Type MRS Connector, Berg Jumper and safety reflector field are also effected.

The US Department of Commerce said that retail sales in January this year fell 0.9% month-on-month to $723.9 billion, partly due to a decline in auto sales. This is the largest month-on-month decline since the beginning of 2023, far exceeding the 0.2% decline predicted by economists surveyed by Dow Jones Newswires and The Wall Street Journal.

Analysts generally expect that the economic growth of the world's largest economy will slow down this year, and they are also closely monitoring consumer spending power, a key economic driver. Experts warn that long-term imposition of comprehensive tariffs will mean higher costs for importers, and these costs may be passed on to consumers.

Data shows that with cold weather in most parts of the United States and wildfires in California, sales of different product categories generally declined. American households are also dipping into their savings to cope with persistent inflation and are facing the uncertainty of Trump's threat to impose tariffs on goods from the US's major trading partners.

Jguang's Thoughts: The combination of natural factors, along with long-term concerns such as inflation and tariff expectations, has led to a significant drop in US retail sales in January. Consumption is a key driver of US economic growth, and the weakness in consumption indicates that the current prospects for US economic growth are not promising.