Retail sales inch higher in January

Things are looking decent for the retail market this winter.

Advance estimates of U.S. retail sales for January 2017 came in at $472.1 billion, up 0.4% from December and 5.6% from last January. That's adjusted for seasonal variation and holiday and trading-day differences, but not for price changes.

Additionally, the November 2016 to December 2016 percent change was revised from up 0.6% to up 1.0%.

Retail trade sales were also up — 0.2% from December 2016, and up 5.6% from last year.

Gasoline station sales saw the biggest boost, up 14.2% from January 2016, followed by nonstore retailers (up 12.0% from last year).

Building material and garden equipment and supplies dealers had sales that were up 0.3% from December and 3.8% year-over-year.

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