Monday, April 16, 2012
U.S. retails sales rose 0.8% in March, boosted by a healthier job market.
Consumers spent more on building materials, autos, electronics, furniture and clothing. Excluding car and gasoline sales, retail sales increased 0.7 percent. And excluding autos, gas, and home supplies, so-called "core" sales rose 0.5 percent in March, matching February's gain.
Joshua Shapiro, an economist at MFR Inc., said retail sales have "picked up considerably" in the first quarter, after a weak December gain. Sales have been bolstered by greater hiring, but also unseasonably warm weather, which has added to clothing and home supply sales.
Read more at OregonLive.com.