Overall, retail sales increased 0.1 percent during the month, according the Census Bureau.
While this slowdown of 0.5 percent increase in December sales, the profit was in line with expectations. Economists were expecting the consumer downturn as payroll tax cut expired, causing the workers receive their pay slightly lower.
General merchandise stores posted strong sales. Increased sales in stores January 1% from December.
"It's the month of clearance, and the companies were trying to get rid of all of their winter," Yaron Martis-Olivo, Director of consumer research, Thomson Reuters. "That bodes well for consumers because right now the weaker paychecks."
Publicly traded retailers, such as target (TGT, Fortune 500), Nordstrom (John, Fortune 500) & Missy (M, Fortune 500), all reported solid gains in sales recently.
"To continue our shopping with the discipline in the face of a slow economic recovery and new pressures, including payroll tax increases," said goal CEO Greg stinhavil said in a statement last week.
Other groups were not strong as the stores in January. Auto sales fell slightly, as did sales at furniture shops, health and personal care stores.
The sales were in food services and drinking places flat during the month.
Related: why do gas prices go up
Consumer spending is expected to weaken in the coming months. Department stores tend to put their full-price spring in February. Consumers will also start along with tax increases, the impact of high gas prices, which rose so far, approximately 20 cents per gallon, or 6 percent, in the first two weeks of February.
"We wouldn't be surprised to see higher taxes and petrol prices hit sales more difficult in the next few months," Paul Dales, u.s. economist with capital economics.
Finance; Investment; Business; Economics
Finance; Investment; Business; Economics
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