U.S. consumers have been on a shopping spree since 2020

U.S. consumers have been on a shopping spree since 2020

Advance monthly sales for retail once again surpassed $600 billion in January 2023.

The line chart shows advance monthly sales for U.S. retail (excluding food services and drinking places) from January 2019 through January 2023.

RSXFS

2023 Jan
$601.5B

2023 Jan
$601.5B

Note: Excludes food services and drinking places
Data adjusted for seasonal variation but not for price changes Chart: Gabriel Cortes / CNBC Source: U.S. Census Bureau's Advance Retail Sales report via FRED
Data last published Feb. 15, 2023