US Retail Sales Beat Expectations in March
Retail sales increased 1.1 percent over the previous month in March of 2014, up from a revised 0.7 percent rise in February. It is the biggest growth rate in 1-1/2 years.
Retail sales excluding automobiles increased 0.7 percent, up from 0.3 percent in the previous month.
Core sales, which strip out automobiles, gasoline, building materials and food services increased 0.8 percent in March, up from a revised 0.4 percent rise in February.
Total sales for the January 2014 through March 2014 period were up 2.5 percent from the same period a year ago. The January 2014 to February 2014 percent change was revised from +0.3 percent to +0.7 percent.
4/14/2014 1:48:45 PM