US retail sales rose 1.7% mom to USD 752.1B in March, beating expectations of 1.3% mom and pointing to stronger-than-anticipated consumer demand. Ex-auto sales climbed 1.9% mom to USD 612.4B, also above forecasts of 1.3% mom. However, the composition shows a more nuanced picture. Sales excluding both autos and gasoline rose just 0.6% mom, indicating […]
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