By  on March 11, 2019

Retail sales may have picked up in January, but the gloomy holiday spending picture was even worse than initially thought.

Official figures showed Monday that retail sales ticked up slightly by 0.2 percent in January and when volatile items like fuel, motor vehicles and construction materials were excluded spending rose 1.1 percent in January, helped by a 0.8 percent increase in general merchandise stores.

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