US retail sales fell -0.8% mom to USD 700.3B in January, well below expectation of -0.2% mom. Ex-auto sale fell -0.6% mom to USD 567.9B, much worse than expectation of 0.1% mom rise. Ex-gasoline sales fell -0.8% mom to USD 647.9B. Ex-auto, gasoline sales fell -0.5% mom to USD 515.5B.
In the three months to January, sales were up 3.1% from the same period a year ago.
