Retail sales in the U.S. rose more than forecast in March as Americans snapped up everything from cars and furniture to clothes and electronics.
The 0.8 percent gain was almost three times as large as projected and followed a 1 percent advance in February, Commerce Department figures showed today in Washington. The median forecast of 81 economists surveyed by Bloomberg News called for an increase of 0.3 percent.
An improving job market is giving households confidence to sustain spending in the face of higher gasoline costs, boosting sales at chains such
...
More Suggested Content:
CE Confidence Hits 2012 High
March 27, 2012
From News
Consumer confidence in the tech sector reached its highest level so far this year in March, while the number for the overall economy declined slightly, according to the Consumer Electronics Association's monthly measure.
Overall, CE Retail Sales Rise By Over 1 Percent
March 13, 2012
From News
U.S. retail sales posted a 1.1 percent increase in the month of February, with the electronics and appliance category posting a 1 percent gain, according to Department of Commerce statistics released Tuesday.