Sales at U.S. retailers probably grew in January as an improving job market helped consumers overcome higher payroll taxes, economists said before a report this morning.
The projected 0.1 percent rise would follow a 0.5 percent December increase, according to the median forecast in a Bloomberg survey of 80 economists. Other reports may show import prices and business inventories climbed.
Retailers such as Gap Inc. and Target Corp. are getting a sales boost as job gains support disposable income, helping temper the effects of the tax increase last month.
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