Empresas y finanzas

Retail sales stronger than expected in January

WASHINGTON (Reuters) - Sales at U.S. retailers rose more than expected in January as strong receipts from sporting goods, general merchandise, electronic and appliance stores offset flat purchases of motor vehicles, government data showed on Friday.

The Commerce Department said total retail sales increased 0.5 percent after falling by a revised 0.1 percent in December. Sales in December were previously reported to have dropped 0.3 percent.

Analysts polled by Reuters had forecast retail sales increasing 0.3 percent last month. Compared to January last year, sales were up 4.7 percent.

Retail sales are being closely watched for signs whether consumers are healthy enough to sustain the economy's recovery once government stimulus and the boost from restocking by businesses wanes.

Motor vehicle and parts purchases were flat last month, after rising 0.1 percent in December.

Excluding motor vehicles and parts, retail sales rose 0.6 percent in January after slipping 0.2 percent the prior month. Economists had expected a 0.5 percent gain. Sales were boosted by electronics and appliance stores, where sales rose 1.2 percent after declining 3.5 percent in December. Sporting goods, hobby and books sales rose 1 percent last month, adding to December's 1.9 percent increase.

Sales at general merchandise stores rose 1.5 percent in January, the biggest gain since February 2009.

Core retail sales, which exclude autos, gasoline and building materials, rose 0.8 percent after falling 0.3 percent in December.

(Reporting by Lucia Mutikani; Editing by Neil Stempleman)

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