US Retail Sales Rise At Healthy 0.8 Percent Pace

By: AP
By: AP

U.S. retail sales rose at a solid pace last month, pushed up by higher sales of electronics and home and garden supplies. The increase suggests consumers aren't pulling back on spending in the face of higher gas prices.

The Commerce Department says retail sales rose 0.8 percent in March. That's below February's 1 percent increase but above January's pace.

Americans spent more on gas and cars, but the increase was less than the previous month. Excluding car and gasoline sales, retail sales increased 0.7 percent, a healthier gain than in February.

Sales at electronics stores rose 1 percent, the most in five months.

The gain pushed retail sales to a record high of $411.1 billion, 24 percent higher than the recession low hit in March 2009.


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:

Read Comments

Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Nath Location: Colo Spgs on Apr 16, 2012 at 07:44 AM
    Spending more?? How much of that is due to inflation, not real increased purchasing. I suspect more magical government book keeping.
  • by please on Apr 16, 2012 at 07:12 AM
    but GDP remains down...hmmm what does that tell you? redistribution of wealth is keeping this retail number high. It isnt real growth.
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 147568175 - kktv.com/a?a=147568175
Gray Television, Inc.