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U.S. Retail Sales Rose 5.3% in January — 2nd Update

Provided by Dow Jones By Harriet Torry U.S. shoppers sharply increased spending in January, buoyed by stimulus payments that many households received in the most recent virus-relief package. Retail sales, a measure of purchases at stores, at restaurants and online, rose by a seasonally adjusted 5.3% in January from a month earlier, the Commerce Department said Wednesday. The increase followed three months of decline during the holiday season. It was the strongest ...
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