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Automobiles power U.S. retail sales in March

Reuters  |  WASHINGTON 

By Lucia MutikaniWASHINGTON (Reuters) - U.S. retail sales rebounded in March after three straight monthly declines as households boosted purchases of motor vehicles and other big-ticket items, suggesting consumer spending was heading into the second quarter with some momentum.Economists saw a limited impact on retail sales for now from a recent ebb in consumer sentiment, citing a robust labour market, which is steadily pushing up wage growth. Consumer sentiment slipped in early April as households worried about the potential impact of the Trump administration's trade policies on the economy. ...

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First Published: Mon, April 16 2018. 22:29 IST
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