News Article(permalink)
US shoppers resumed spending in January, as retail sales spiked 5.3 percent, the first increase since September, according to government data Wednesday. The gain, far more than analysts had expected, was driven by increases in numerous categories, including furniture, electronics and sporting goods, the Commerce Department said. Even excluding gasoline and vehicles, which were expected to juice the data, sales were up 6.1 percent. hs/jm
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