Retail sales in U.S. increase for 3rd consecutive month

FOR THE THIRD CONSECUTIVE MONTH, retail sales in the U.S. rose in January, showing that household spending has increased even as payroll taxes rose.  / BLOOMBERG FILE PHOTO/ARIANA LINDQUIST
FOR THE THIRD CONSECUTIVE MONTH, retail sales in the U.S. rose in January, showing that household spending has increased even as payroll taxes rose. / BLOOMBERG FILE PHOTO/ARIANA LINDQUIST
WASHINGTON - Retail sales in the U.S. rose in January for a third consecutive month, showing household spending is holding up even as an increase in the payroll tax takes a bigger bite from paychecks. Purchases climbed 0.1 percent, matching the median forecast of economists surveyed by Bloomberg, according to Commerce Department figures issued today…

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