Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap Retail sales surge 0.7% in March as Americans seem unfazed by higher prices with jobs plentiful !

Retail sales surge 0.7% in March as Americans seem unfazed by higher prices with jobs plentiful

Time:2024-05-21 08:53:45 source:Worldly Whispers news portal

NEW YORK (AP) — Americans boosted spending at a hotter-than-expected pace in March, underscoring how shoppers remain resilient despite inflationary pressures and other economic challenges.

Retail sales rose 0.7% last month — almost double what economists had forecast — after rising 0.9% in February, according to Commerce Department data released Monday. The February figure was revised upward. That comes after sales fell 1.1% in January, dragged down in part by inclement weather. Excluding gas prices, which have been on the rise, retail sales still rose a solid at 0.6%.

The national average gas price Monday was $3.63 per gallon, per AAA, up 6 cents from a week ago, and up 19 cents from last month, but they’re still 3 cents below where they were at this point last year.

The snapshot offers only a partial look at consumer spending and doesn’t include many services, including travel and hotel lodges. But the lone services category - restaurants - registered an uptick of 0.4%.

Related information
  • Fresh heartache for cancer
  • Moon landing attempt: Private US spacecraft enters orbit
  • Tiny, endangered fish hinders California's Colorado River conservation plan
  • 'Sasquatch Sunset' review: Should you watch this movie about a family of Bigfoots?
  • Ricky Stenhouse punching Kyle Busch could lead to suspension
  • New York Philharmonic to tour China this summer
  • Tobacco companies using Tiktok to target young people
  • Dead whale in New Jersey had a fractured skull among numerous injuries, experts find
Recommended content
  • Who is Jacob Zuma, the former South African president disqualified from next week's election?
  • Dead whale in New Jersey had a fractured skull among numerous injuries, experts find
  • Making cement is very damaging for the climate. One solution is opening in California
  • Astronomers spot previously unknown moons around Neptune, Uranus
  • The Latest
  • UN climate chief says humans have 2 years left 'to save the world'