Retail sales increased for a third straight month in January as Americans kicked off 2016 by spending freely on cars, clothing and online merchandise.The 0.2-percent increase matched the previous month’s advance that was initially reported as a decline, Commerce Department data showed Friday. The median forecast in a Bloomberg survey called for a 0.1-percent gain in January.Excluding cheaper gasoline, which depressed service-station receipts, purchases climbed 0.4 [...]
Comment on Wallets open wider: U.S. retail sales climb for third straight month
By Victoria Stilwell Bloomberg, The Providence Journal
Fri, 02/12/2016 - 4:44pm
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