US retail sales in March rose by the largest amount in 18 months, led by strong gains in sales of cars, furniture and a number of other products.
The Commerce Department said on Monday that retail sales rose 1.1 per cent in March, the best showing since September 2012. The government also revised February to a 0.7 per cent gain, more than double its previous estimate. Sales had fallen in January and December.
Sales of cars climbed 3.1 per cent while sales at general merchandise stores, a category that covers retailers such as Wal-Mart and Target and department stores, increased 1.9 per cent, the strongest one-month gain since March 2007, before the country went through the recession.
The strong March gain was evidence that the economy is emerging from a harsh winter with some momentum.
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