ECONOMICS COMMENTARY
Mar 13, 2013
US retail sales growth hits five-month high in February
Total retail sales in the US were expected to have increased by 0.5%, with core sales (which exclude autos, gas stations and building materials) up a more modest 0.2%. Instead, sales jumped 1.1% compared with January, the strongest rise since last September. Part of the increase could be explained by higher gasoline prices, but core sales were also up twice as much as anticipated, rising 0.4%.
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