What are you searching for?

Sign in
Company News

Retail Sales Rise in January

But the gain is the weakest since June.

Author Image

By: TOM BRANNA

Editor

Shoppers pushed retail sales up for a seventh straight month although the increase was the weakest showing since June.


The Commerce Department says retail sales rose 0.3% last month, with demand rising at department stores, electronic stores and auto dealerships.

The increase was just half of what economists had expected. Still, it came in a month with severe winter weather in much of the country.

Economists were expecting a bigger gain because January was the first month that Americans had more money in their paychecks because of a Social Security tax cut.

Keep Up With Our Content. Subscribe To Happi Newsletters