U.S. retail sales rebound in sign consumer weakness transitory

US. RETAIL SALES increased 0.6 percent month to month in March and 0.3 percent year over year./ BLOOMBERG FILE PHOTO/VICTOR J. BLUE
US. RETAIL SALES increased 0.6 percent month to month in March and 0.3 percent year over year./ BLOOMBERG FILE PHOTO/VICTOR J. BLUE
NEW YORK - United States retail sales rose by more than expected in March in the first gain in three months, suggesting consumer demand regained steam on the back of tax cuts and refunds. Sales advanced 0.6 percent following a 0.1 percent drop in the previous month, according to Commerce Department figures released Monday. That…

Want More?

Subscribe or register with Providence Business News to keep reading.

REGISTER
for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -