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Published 1 month ago

Retail sales up a strong 0.7% in March from February underscoring the resiliency of the US consumer

  • Retail sales in the US exceeded expectations in March, with a 0.7% increase from the prior month, as reported by the Commerce Department.
  • Fuel station sales rose by 2.1%, while excluding fuel stations, overall sales increased by 0.6%, indicated the latest report.
  • Despite challenges like borrowing costs and inflation, households continue to spend, noted Rubeela Farooqi, chief US economist at High Frequency Economics.
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