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Retail sales get off to solid start in 2016
Retail sales get off to solid start in 2016
Published: Feb 12, 2016 9:09 a.m. ET
By Jeffry Bartash
jbartash@marketwatch.com
Reporter
Sales rise 0.2% in January; car dealers, Internet stores lead way
WASHINGTON (MarketWatch) — Sales at retailers got off to a solid start in 2016 despite a big snowstorm that slammed the eastern part of the U.S. late in the month.
Retail sales rose 0.2% in January, as consumers boosted purchases of new cars as well as groceries and shopped more online.
Sales in December were sharply revised higher to show a 0.2% gain instead of a 0.1% decline, the Commerce Department said Friday. So sales weren’t as weak at year-end as had been first estimated.
Economists polled by MarketWatch had expected sales to be flat in January, held down in large part by lower gasoline prices.
Published: Feb 12, 2016 9:09 a.m. ET
By Jeffry Bartash
jbartash@marketwatch.com
Reporter
Sales rise 0.2% in January; car dealers, Internet stores lead way
WASHINGTON (MarketWatch) — Sales at retailers got off to a solid start in 2016 despite a big snowstorm that slammed the eastern part of the U.S. late in the month.
Retail sales rose 0.2% in January, as consumers boosted purchases of new cars as well as groceries and shopped more online.
Sales in December were sharply revised higher to show a 0.2% gain instead of a 0.1% decline, the Commerce Department said Friday. So sales weren’t as weak at year-end as had been first estimated.
Economists polled by MarketWatch had expected sales to be flat in January, held down in large part by lower gasoline prices.
