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A report released by the Commerce Department on Monday showed a modest increase in U.S. retail sales in the month of January.
The Commerce Department said retail sales rose by 0.2 percent in January after tumbling by a revised 1.6 percent in December.
Economists had expected retail sales to come in unchanged compared to the 1.2 percent slump originally reported for the previous month.
Excluding a steep drop in auto sales, retail sales climbed by 0.9 percent in January after plummeting by a revised 2.1 percent in December.
Ex-auto sales had been expected to increase by 0.3 percent compared to the 1.8 percent plunge originally reported for the previous month.
