Record surge in gasoline receipts boosts US retail sales, but weakness is looming
U.S. retail sales increased more than expected in March as the war with Iran boosted gasoline prices and led to a record surge in receipts at service stations, while tax refunds underpinned spending elsewhere.
Seeking Alpha
Retail sales jump more than expected in March as gas prices surge, tax refunds flow in
Retail sales climbed 1.7% M/M to $752.1B in March, topping the +1.4% consensus and accelerating from the +0.7% pace in February, according to advance data released by the U.S. Census Bureau on Tuesday. Better yet, the February increase in retail sales was ...
Record surge in gasoline receipts boosts US retail sales in March
U.S. retail sales increased more than expected in March as the war with Iran boosted gasoline prices and led to a record surge in receipts at service
Detroit News
Record surge in gasoline receipts boosts retail sales in March
Washington — U.S. retail sales increased more than expected in March as the war with Iran boosted gasoline prices and led to a record surge in receipts at service stations, while tax refunds underpinned spending elsewhere. Though higher prices largely ...
April U.S. retail sales growth slows from March's spike, as expected
M/M to $757.1B vs. +0.5% consensus and +1.6% in March (revised from +1.7%), according to data released by the U.S. Census Bureau on Thursday.