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U.S. Retail Sales Increased in January in Broad-based Advance
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 percent. Greater job security, improving wage growth and falling gasoline prices may be persuading more consumers to loosen their purse strings after a ... (full story)
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