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U.S. January Advance Retail and Food Service Sales (Text)

Following is the text of the monthly retail sales report from the Commerce Department.

Intention to Revise Retail Estimates: Monthly retail sales estimates will be revised based on the results of the 2010 Annual Retail Trade Survey. Revised not adjusted estimates and corresponding adjusted estimates are scheduled for release on April 30, 2012.

The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for January, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $401.4 billion, an increase of 0.4 percent (0.5%)* from the previous month and 5.8 percent (0.7%) above January 2011. Total sales for the November 2011 through January 2012 period were up 6.3 percent (0.5%) from the same period a year ago. The November to December 2011 percent change was revised from 0.1 percent (0.5)* to virtually unchanged (0.3%)*.

Retail trade sales were up 0.4 percent (0.5%)* from December 2011 and 5.5 percent (0.7%) above last year. Food services and drinking places sales were up 8.2 percent (1.8%) from January 2011 and building material and garden equipment and supplies dealers were up 8.1 percent (2.6%) from last year.

The Advance Monthly Sales for Retail and Food Services for February is scheduled to be released March 13, 2012 at 8:30 a.m. EDT.

SOURCE: U.S. Commerce Department

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