US Retail Sales Climb More Than Expected On Rebound In Auto Sales

Retail Sales Rebounded in March According to Advance Estimate

Retail Sales Rebounded in March According to Advance Estimate

Total retail and food services sales increased 4.5% in March from March a year ago to $494.6 billion, and were up 0.6% from revised February sales.

Core retail sales - excluding automobiles and parts - rose 0.2%.

March furniture and home furnishings stores sales increased 3.9% from the same month previous year, trailing the 4.7% growth for the broad retail sector, the government reported Monday.

The report said retail sales climbed by 0.6 percent in March after edging down by 0.1 percent in February. Sales increased 0.7% from revised up sales of $9.86 billion in February.

Total sales for the January 2018 through March 2018 period were up 4.1% from the same period a year ago.

Sales at gasoline stations declined 0.3% during March after growing 0.1% in February. Non-store retailers - primarily e-commerce and catalog businesses - and gas stations tied for the best gain, each with sales up 9.7% from March past year.

Sales by non-store retailers and furniture and home furnishing stores also saw notable growth, although the increases were partly offset by a steep drop in sales by sporting goods, hobby, book and music stores.

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