Sputtering auto sales in January reflect weak economy
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Automakers faced an uphill climb in the US market in January, as weak economic conditions and consumer caution put a dent into sales, company reports showed Friday.
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US retail sales rose 0.3% in January, official figures show, bolstered by sales of new cars and petrol.
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Retail sales dropped at their sharpest rate in four years in January, despite heavy discounting in many stores.
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Retail sales posted a surprising rebound in January following a dismal December, although much of the strength reflected rising gasoline prices. Economists saw the increase as a temporary blip rather than a sustained recovery.
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Ford Motor Co. F.N on Tuesday posted  a 5.4 percent fall in U.S. vehicle sales for January, its  eighth straight month of weaker results, as stronger sales of  its new cars failed to offset falling SUV and minivan sales.
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Retail spending, hurt by a falloff in auto sales, dipped slightly in January, but demand stayed strong in other areas as people rushed to malls with their Christmas gift cards.
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U.S. industrial output dropped unexpectedly in January as automakers slashed production, while new claims for jobless rose sharply last week partly due to winter storms, data released on Thursday showed.
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Weakness in manufacturing, especially the auto industry, may be damping economic prospects, but the bigger services sector appears to be more than making up for it.
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WASHINGTON -- Most parts of the country saw modest economic growth in the past month, although there were pockets of sluggishness as businesses continued to cope with fallout from the troubled housing and automotive industries.
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Retail sales fell 0.3 percent in January  --  the weakest showing in five months  --  as a big drop in demand for cars offset strength at clothing and department stores. Spending was powered mostly by consumers anxious to use holiday gift cards.
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Retail sales fell 0.3 percent in January &#151; the weakest showing in five months &#151; as a big drop in demand for cars offset strength at clothing and department stores. Spending was powered mostly by consumers anxious to use holiday gift cards.
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US retail sales fell 0.3 percent in January on slower auto sales, but were up 0.6 percent excluding the automobile sector, the Commerce Department said.
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Ford Motor Co.  on Thursday said U.S. January vehicle sales fell 19 percent from a year earlier because of reduced sales to daily-rental companies.
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Weak manufacturing data heighten worries about the U.S. economy.
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WASHINGTON, Feb. 14  â Retail sales, hurt by a big drop in autos, slowed at the start of the year while business inventories had their poorest showing in 17 months.
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US retail sales fall in January, dragged lower by a heavy fall in car sales, the Commerce Department reports.
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Industrial output fell in January while the number of Americans filing for jobless benefits jumped sharply last week, according to a flurry of reports that raised doubts about the economy's health.