Retail Sales in U.S. Climb More Than Forecast on Jobs
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