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…

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