Wallets Open Wider: U.s. Retail Sales Climb For Third Straight Month

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 [...]

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