Core Report | February 17, 2023

After sliding the previous two months, seasonally adjusted retail sales increased in January. January retail sales came in at a $697.0 billion rate, up 3.0% from December and up 6.4% from a $655.2 billion rate in January 2022. This was the largest month-over-month increase in nearly two years. The largest increases in sales in January came from auto dealers, furniture stores, electronic stores, and bars/restaurants.