Americans increased their spending pace in March at a better-than-expected pace from the previous month. The Commerce Department says retail sales rose 0.7% last month after being up a revised 0.9% in February. The numbers show how shoppers remain resilient despite inflationary pressures and other economic challenges. Sales fell a revised 1.1% in January, dragged […]
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Retail sales up a strong 0.7% in March from February
Americans increased their spending pace in March at a better-than-expected pace from the previous month. The Commerce Department says retail sales rose 0.7% last month after being up a revised 0.9% in February. The numbers show how shoppers remain resilient despite inflationary pressures and other economic challenges. Sales fell a revised 1.1% in January, dragged down in part by inclement weather.