Retail sales up a strong 0.7% in March from February underscoring the resiliency of the US consumer
- Retail sales in the US exceeded expectations in March, with a 0.7% increase from the prior month, as reported by the Commerce Department.
- Fuel station sales rose by 2.1%, while excluding fuel stations, overall sales increased by 0.6%, indicated the latest report.
- Despite challenges like borrowing costs and inflation, households continue to spend, noted Rubeela Farooqi, chief US economist at High Frequency Economics.
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Leaning Left17Leaning Right4Center29Last Updated16 days agoBias Distribution58% Center