Daily Archives: February 13, 2013

Retail Sales Inch Higher In January

As expected, retail sales eked out a gain in January, rising a seasonally adjusted 0.1% over the previous month, the Census Bureau reports. The rise is unimpressive, arguably due to higher tax rates that kicked in as the new year began. But the fact that consumption held its ground after two months of decent increases suggests that the appetite for spending still has the capacity for forward momentum.

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