US retail sales up more than forecast

Retail sales in the US rose more than forecast in March, showing consumers are weathering the jump in gasoline prices heading into the second quarter.

16th April, 2012

Retail sales in the US rose more than forecast in March, showing consumers are weathering the jump in gasoline prices heading into the second quarter.

The 0.8 per cent gain was almost three times as large as projected and followed a 1 per cent advance in February, Commerce Department figures showed today in Washington.

Americans snapped up Apple iPads and clothing at chains like Gap and Target, indicating an improving job market is boosting incomes and giving...

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