FX.co ★ Retail Control Slips in January, Recording a -0.4% Change

The latest data from the United States reveals that retail control slipped in January 2024, recording a -0.4% change. This decline comes as a surprise following a positive growth of 0.6% in December 2023. The month-over-month comparison indicates a slowdown in retail activity in the country. The data, which was updated on 15th February 2024, suggests challenges in the retail sector as consumer spending takes a hit. Experts will be closely monitoring the performance of the retail industry in the coming months to assess any potential impact on the broader economy.