US retail sales rose in March as Americans increased their spending on cars, furniture, clothing and building materials, new figures show.
THE Commerce Department says retail sales jumped 0.9 per cent last month, after declining 0.5 per cent decline in February. The retail rise was the first in four months.
The rebound suggests US shoppers are returning after an unseasonably cold winter froze sales. Warmer weather fuelled a 2.7 per cent increase in auto sales and a 2.1 per cent boost in building materials, possible signs that the lagging manufacturing and construction sectors might also recover from a winter slump.Economists say sales should continue to climb because of the year-long hiring surge and lower petrol prices.
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