• Sat. Feb 24th, 2024

Strong Consumer Spending: Core Retail Sales Up 3.2% in January as Consumers Remain Optimistic on Personal Finances and the Economy


Feb 12, 2024
Consumer Confidence on Par with Economic Growth

Consumer spending remains strong, with core retail sales up by 3.2% from the previous year in January and six out of nine categories seeing an increase. According to a report released by CNBC/National Retail Foundation (NRF), consumers are continuing to spend into 2024, indicating a positive outlook on personal finances and the economy. Despite this, sentiments about the labor market were slightly less optimistic, with people expressing lower confidence in finding another job within the next three months. The report was released ahead of Thursday’s U.S. retail sales data from the Census Bureau, which will provide more insight on consumer spending.

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