The Big Four Recession Indicators: Real Retail Sales Down 1.3% in January

Published on February 14, 2025

Nominal retail sales in January were down 0.88% month-over-month (MoM) and up 4.20% year-over-year (YoY). However, after adjusting for inflation, real retail sales were down 1.34% MoM and up 1.16% YoY.