A solid increase in January sets the stage for a quarter where real consumer spending is expected to grew at a greater than 5% pace.
According to chain store reports non-auto retailers seemed to have fared much better in January than during the holiday season.
For 2006 as a whole, the first quarter should prove a one-hit wonder, as higher debt payments, energy costs and slowing housing prices take their toll.
Retail sales look to start off the year with a bang.
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