Retail sales surge 3.8% in Jan. as threat of omicron eases

AMERICANS PICKED up the spending pace in January as the threat of omicron faded and there was some easing of supply shortages. Retail sales rose a seasonally adjusted 3.8% Jan. 2022, compared to the prior month when the number dropped a revised 2.5%. /ASSOCIATED PRESS FILE PHOTO
NEW YORK (AP) – Americans picked up the spending pace in January as the threat of omicron faded and there was some easing of supply shortages. Retail sales surged a seasonally adjusted 3.8% last month, whizzing past the projections of most economists. That compared to the prior month when sales slid 2.5% according to revised figures…

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