Retail Sales Rise in MarchApril 16, 2012 By Stephen Silver
The electronics category was among those that gained, the government said. The overall increase also represented a 6.6 percent jump over last March.
The National Retail Federation reacted positively to the news.
“Moderate retail sales growth in March will help to offset murkier recent economic employment data,” NRF Chief Economist Jack Kleinhenz said in a statement. “We expect to see gains through the all-important summer months, but job and weak income growth coupled with stubbornly high gas costs will continue to force consumers to make tough, price-sensitive choices.”