Economic Trends
U.S. Cutting Tool Orders Tick Down in August, Shipments Hold Steady
October 21, 2026
Economic Trends
Advance Retail, Food Services Sales Rise in January
Advance estimates of U.S. retail and food services sales for January were $649.8 billion, an increase of 3.8% from December.
The Home Depot Inc. (NYSE: HD), based in Atlanta, Georgia, announced the appointment of Paula Santilli, CEO of PepsiCo Latin America, and Caryn Seidman-Becker, chair and CEO of CLEAR, to its board of directors.
The U.S. Census Bureau said advance estimates of retail and food services sales for January — adjusted for seasonal variation and holiday and trading-day differences but not for price changes — were $649.8 billion, an increase of 3.8% from the previous month and 13% above January 2021.
Total sales for the November 2021 through January 2022 period were up 16.1% from the same period a year before. The November 2021 to December 2021 percent change was revised from down 1.9 % to down 2.5%.
Retail trade sales were up 4.4% from December 2021, and up 11.4% above last year. Gasoline stations were up 33.4% from January 2021, while food services and drinking places were up 27.0% from last year, the Census Bureau said.
