Sales at U.S. retailers rose 0.6 percent in February as consumers took advantage of higher tax
refunds to buy automobiles and shop at department stores, a
government report showed.
Last month’s gain to $327.2 billion follows a 0.2 percent
increase in January, previously reported as a decline, the
Commerce Department said in Washington. Excluding autos, sales
were unchanged at $249.9 billion, after a 1.2 percent increase in
January that was larger than first estimated.
Bloomberg News
