The FX PostThe FX Post
    What's Hot

    FlatQube Trade Volume, Trade Pairs & Trust Score

    November 7, 2022

    Step Guide to Winning Forex Trading

    September 19, 2022

    Relationship Between Currency Risk and Foreign Bonds

    September 2, 2022
    The FX Post The FX Post
    • Best Fx Robots
    • Forex
      • News
      • Forex 101
      • Forex Forecasts
      • Broker Reviews
    • Crypto
      • News
      • Crypto 101
      • Crypto Forecasts
      • Crypto Reviews
    • Indices
      • News
      • Analysis
      • Commodities
      • Reviews
    • Automated Trading
      • Forex Signals
      • Forex Robots
      • Copy Trading
    • Top
      • Best Forex Robots
    The FX PostThe FX Post
    Home » US Retail Sales Soar 3.8% in January Despite Inflation Surge, Peak Omicron Variant Cases 
    Indices News

    US Retail Sales Soar 3.8% in January Despite Inflation Surge, Peak Omicron Variant Cases 

    February 16, 20221 Min Read
    Facebook Twitter Pinterest LinkedIn Reddit
    businesswoman hand holding barcode illustrating the stock market isolated on white background
    Share
    Facebook Twitter LinkedIn Pinterest Reddit

    Retail sales bounced back through January as the Omicron variant hit its peak and inflation increased further.

    • Spending at US retailers and restaurants expanded 3.8% last month to $649.8 billion. That figure indicates spending sharply rose in the first weeks of 2022 after falling 2.5% the previous month.
    • December’s total was revised slightly downwards to $626.3 billion from $626.8 billion. The advanced retail sales report indicates that demand remained strong despite the Omicron variant rising to its peak.
    • January retail sales, excluding the auto sector, jumped 3.3% as the stand-alone sales of cars and cars increased 5.7%.
    • The retail trade sales increased 4.4% from December 2021 and 11% higher than the same period last year.

    Gasoline stations posted a 33% surge in sales from January 2021 as food and services and drinking establishments posted a 27% growth in revenues from last year.

    DXY down -0.08%, EUR USD up +0.05%

    Source: US Census Bureau

    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more
    retail sales US Economy
    Share. Facebook Twitter Pinterest LinkedIn Reddit

    Related Posts

    European Central Bank

    Christine Lagarde Solidifies ECB’s Message on Combating Inflation

    June 28, 2022
    Salesforce-backed front

    Salesforce-Backed Front Valued at $1.7 Billion in Financing Round

    June 28, 2022
    G7 countries to hit Russia

    G7 Countries to Hit Russia With Brand-New Assents

    June 27, 2022
    China's clean power growth

    China’s Clean Power Growth Outlook for 2022 Maintains Getting Bigger

    June 24, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    9  +  1  =  

    Best FX Post
    Best Forex Robots (Expert Advisors) 2021

    Best Forex Robots (Expert Advisors) 2022: Passive Income From Algo Trading Systems

    July 7, 2021

    Top 10 Lending Platforms for Crypto Loans

    June 1, 2022
    forex eurusd trading charts

    Top 10 Best Forex Brokers In All Times

    June 1, 2022
    Recent Posts
    • FlatQube Trade Volume, Trade Pairs & Trust Score
    • Step Guide to Winning Forex Trading
    • Relationship Between Currency Risk and Foreign Bonds
    • Best Social & Copy Trading Platforms
    • Bitcoin Dips Listed Below $20,000 With Fundstrat Considering ‘Last Washout’
    Featured Reviews
    TechBerry

    TechBerry Review: Pros, Cons, Recommendations

    September 18, 2021
    CryptoHero

    CryptoHero Review: Pros, Cons, Recommendations

    June 3, 2022
    Bitsgap

    Bitsgap Review: Pros, Cons, Recommendations

    April 29, 2022
    Categories
    • Analysis
    • Automated Trading
    • Best FX Post
    • Broker Reviews
    • Commodities
    • Copy Trading
    • Crypto
    • Crypto 101
    • Crypto Bots
    • Crypto Forecasts
    • Crypto Reviews
    • Forex
    • Forex 101
    • Forex Forecasts
    • Forex Robots
    • Forex Signals
    • Guides
    • Indices
    • News
    • News
    • News
    • Reviews
    • Reviews
    • Uncategorized
    Twitter BlogLovin
    © 2023, Thefxpost.com.
    • Contact

    Type above and press Enter to search. Press Esc to cancel.