Best retail sales since 2017 brighten U.S. growth outlookAnchor Admin April 14, 2019
Retail sales in the U.S. jumped by the most since September 2017 and first-time filings for unemployment benefits dropped to a fresh 49-year low, as a strong labor market gives American consumers the wherewithal to keep the economy chugging along.
The value of overall sales in March rose 1.6%, boosted by gains in motor vehicles and gasoline stations, after an unrevised 0.2% decrease the prior month, according to Commerce Department figures released Thursday, April 18. That exceeded all forecasts in Bloomberg’s survey calling for a 1% gain.
Read more at Crain’s Cleveland Business
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