U.S. retail sales rose 1.6% in March, aided by strong demand for autos, building materials and new clothes. The Commerce Department said sales totaled $363.2 billion - the fifth gain in the past six months. Retail sales are 7.6% higher compared to one year earlier. Excluding autos and trucks, March retail sales climbed 0.6% to $300.5 billion. Economists surveyed by MarketWatch forecast sales to climb 1.3%, with sales excluding autos up 0.6%. Also, retail sales in February were revised slightly higher.
Source: Census
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