Friday 17 January 2020

US retail sales higher than expected in March reporters

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.

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