Retail sales hit two-year high

Feb. 13, 2002
The Commerce Dept. said today that U.S. retail sales, excluding autos, rose more in January than any other month in almost two years, a sign that consumers are supporting the economy as it recovers from recession. Sales not including autos and parts rose 1.2% last month to $223 billion, the government said. Sales at all retailers fell 0.2% in January because of a fall in car and truck sales, which
The Commerce Dept. said today that U.S. retail sales, excluding autos, rose more in January than any other month in almost two years, a sign that consumers are supporting the economy as it recovers from recession.

Sales not including autos and parts rose 1.2% last month to $223 billion, the government said. Sales at all retailers fell 0.2% in January because of a fall in car and truck sales, which had a record increase in October.

Big-ticket items such as furniture, home furnishings and equipment increased 0.4% in January after rising 1% in December. Increased gasoline prices pushed up gasoline service station sales 5.1% last month after a 3.2% drop in December. The average price of gasoline at the pump crept up to $1.15 a gallon in January from a two-year low of $1.10 a gallon in December.

Analysts had expected a 0.4% increase in January retail sales excluding autos to $219.3 billion after a 0.1% drop first reported for December. The increase was the largest since a 2% jump in March 2000, the government said.

About the Author

Tim Parry

Tim Parry is a former FleetOwner editor. 

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Downtime is expensive. This guide shows you how to keep your eet running, reduce repair surprises, and protect your margins—because when your trucks aren’t moving, you’re not...
Learn how fast oil changes can optimize vehicle downtime for fleet owners. Improve revenue and employee productivity while ensuring customer satisfaction with efficient maintenance...
Unlock proven strategies to streamline operations, lead your team, and keep your eet moving forward – all in one guide.
Commercial fleets bear a heavy burden from economic uncertainty, operational costs, and litigation risks. In-cabin video technology offers opportunities to reduce fleet expenses...