U.S. Retail Sales Climb More Than Expected In February
(RTTNews) - Retail sales in the U.S. increased by slightly more than expected in the month of February, the Commerce Department revealed in a report released on Wednesday.
The Commerce Department said retail sales climbed by 0.6 percent in February after edging down by a revised 0.1 percent in January.
Economists had expected retail sales to rise by 0.5 percent compared to the 0.2 percent dip originally reported for the previous month.
Excluding a jump in sales by motor vehicle and parts dealers, retail sales still grew by 0.5 percent in February after coming in unchanged in January. Ex-auto sales were expected to increase by 0.3 percent.
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