US Retail Sales Tick Up in January, Suggesting Consumer Strength

US Retail Sales Tick Up in January, Suggesting Consumer Strength
File photo showing a customer counting money at the register of a store in Manchester, N.H., on Nov. 22, 2012. Jessica Rinaldi/Reuters
Tom Ozimek
Tom Ozimek
Reporter
|Updated:

Consumer spending, the main driver of the U.S. economy, rose slightly in January, giving a modest lift to America’s record-long economic expansion.

In January, overall retail sales, which reflect buying at physical stores and online, rose by 0.3 percent month-to-month, the Commerce Department said Friday. The figures are adjusted to smooth out seasonal fluctuations.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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