U.S. Retail Sales Top Estimates With 3.8% January Gain

The video discusses the strong retail sales in January, showing a significant rebound from December's decline. The retail control group, which influences GDP, also saw an increase. Despite expectations of reduced spending due to decreased government payments, consumer spending remains robust. The analysis highlights that the retail control group excludes gasoline, which saw a price increase.

What was the percentage increase in retail sales in January compared to December?

• 2.5%

• 4.5%

• 1.9%

• 3.8%

What was the forecasted percentage increase for sales excluding autos and gas?

• 4%

• 3%

• 2%

• 1%

Why is the retail control group significant for economists?

• It includes gasoline prices.

• It directly affects GDP calculations.

• It predicts future sales trends.

• It measures consumer confidence.

What was the percentage change in the retail control group from the previous month?

• Up 4.8%

• Down 1.9%

• Down 3.1%

• Up 2.5%

What factor was expected to reduce consumer spending but did not?

• Increase in gasoline prices

• Decrease in employment rates

• Falloff in government payments

• Rise in interest rates