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U.S. Retail Sales Rise by 0.6% in March

Retail sales increase 0.6% in March vs. forecast for a 0.4% gain - U.S. retail sales rose 0.6% in March the Commerce Department said on Monday.

This was compared to a 0.1% drop in the previous month.

Economists had forecast a reading of 0.4%.

Rising retail sales over time correlate with stronger economic growth, while weaker sales signal a declining economy.

Core retail sales, which exclude automobiles, gasoline, building materials and food services, rose 0.2% in March.

That matched the previous month’s increase and was in line with consensus.

Core retail sales correspond most closely with the consumer spending component of gross domestic product.

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