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.
63 Articles
63 Articles
March retail sales blew past expectations
Retail sales in March surpassed expectations, according to new numbers released by the Commerce Department on Monday. The latest estimates from the Commerce Department show that retail sales in March increased by 0.7 percent — which is more than double the consensus estimates of a 0.3 percent increase for last month. While it surpassed expectations for March, the rise is slightly below February’s 0.9 percent jump in retail sales. The department …
Stronger consumer spending could force Fed to delay cuts longer
US retail sales up 0.7 percent in March, more than double expected - National Zero
Monthly retail sales data was up 0.7 percent in March vs 0.3 percent expected, Bloomberg reports citing the US Commerce Department and saying it signals a strong quarterly GDP report. The post US retail sales up 0.7 percent in March, more than double expected appeared first on National Zero.
Retail sales surge 0.7% in March with Americans seemingly unfazed by higher prices
Americans increased their spending pace in March at a better-than-expected pace from the previous month, underscoring how shoppers remain resilient despite inflationary pressures and other economic challenges. Retail sales rose 0.7% last month after being up a revised 0.9% in…
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