Retail Sales Rise 0.3 Percent; CE Gains
U.S. retail sales for the month of January rose 0.3 percent, seasonally adjusted over December, and 5.4 percent year-over-year, according to government figures.
The electronics and appliance category saw a 0.2 percent increase.
With the return of healthy housing prices, stronger employment statistics combined with historic highs on Wall Street at the end of 2012 and 2013, consumers seem a bit more confident these days,” NRF Chief Economist Jack Kleinhenz said after the release of the numbers.
“Even though retail sales were relatively modest in January, consumers seem to have adjusted accordingly to rising taxes and energy prices. Far from secure, consumer confidence continues to be shaky.”