Retail Sales Rose in January
Domestic retail sales rose 5.5 percent in January from the same month last year, according to MasterCard Advisors’ SpendingPulse figures released Monday.
The figures exclude auto sales. Consumer electronics was listed as neither an especially positive or negative category in the survey.
“Overall, retail spending managed to maintain its momentum following an already-strong holiday season,” Mastercard Advisors director of economic research Kamalesh Rao said as part of the announcement. “Despite some very challenging weather conditions in many parts of the country, and unemployment numbers that have not yet improved significantly, during the last two months we saw the strongest growth rate for total U.S. retail sales ex-autos since April 2010.”