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News Link • Business/ Commerce

Retail Sales Rebound In March As Autos Jump


After 3 straight months of declines, March retail sales surprised to the upside bouncing 0.6% MoM (+0.4% exp), but ex-autos/gas was a disappointment  (rising 0.3% vs 0.4% expectations).

The 0.6% MoM spike was higher than the highest (of 71) economists' estimate

Eight of 13 major retail categories showed increases.

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