US retail sales higher than expected in March
US retail sales rose higher-than-expected in March as Americans splashed out and ignored higher petrol prices.
The rise of 0.8pc following a 1pc hike in February could head to economists revising their forecasts for economic growth upwards.
Car sales were among the risers fuelled by pent-up demand and external issues like the Japanese earthquake and tsunami which disrupted output.
Car sales rose 0.9pc percent after increasing 1.3pc in February.