(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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
