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Axios
Axios
Business

January retail sales smash expectations

Omicron
Data: FactSet; Chart: Thomas Oide/Axios

A new report on January retail sales showed consumer spending was much better than expected early this year.

Driving the news: Last month's retail sales trounced expectations, rising 3.8%. (Economists expected a 1.8% bump in January.) They dropped 2.5% in December.

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