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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Tommaso who wrote (4213)4/13/2004 9:03:09 AM
From: mishedlo  Read Replies (1) of 116555
 
U.S. March retail sales up 1.8%, best in a year
By Rex Nutting
WASHINGTON (CBS.MW) - U.S. retail sales rose 1.8 percent in March, the fastest growth in a year, the Commerce Department estimated Tuesday. Sales at most kinds of stores were healthy in March. Auto sales increased 2.1 percent. Excluding autos, sales increased 1.7 percent, the biggest increase in four years. The gains were far ahead of Wall Street expectations of 0.7 percent for total sales and 0.6 percent for ex-auto sales. Retail sales for January and February were also revised higher. January's gain was revised from 0.3 percent to 0.5 percent while February's increase was revised to 1 percent from 0.7 percent.
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