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February 14, 2006
January Retail Sales Sizzle
Unseasonably warm weather turned up the heat under retail sales in January, according to the U.S. Commerce Department.
Retail sales jumped 2.3% in the month, the highest gain since May of 2004. Sales of clothing and accessories grew by 4.2%.
While January sales far outpaced predictions, economists now expect February sales to come in lower than expected due to last month’s spending spree and a return to colder weather in the northeast.
Posted by Blacks on February 14, 2006 08:27 AM
