NRF: Census data shows slower retail sales in January, but economy still expands
Data released by the U.S. Census Bureau shows retail sales slowed in January following a strong holiday season but still rose year over year, said Jack Kleinhenz, chief economist, the National Retail Federation (NRF). “It’s reasonable to expect some slowdown from the vigorous 2024 holiday season, so January’s numbers are not a surprise and don’t contradict the consumer spending trends...
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