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- U.S. retail sales rise more than expected in February
U.S. retail sales rise more than expected in February
With sales
at gas stations showing a significant increase, the Commerce Department
released a report on Wednesday showing that
The report
said retail sales surged up by 1.1 percent in February after edging up by 0.2
percent in January. Economist had been expecting sales to increase by about 0.5
percent.
The bigger
than expected increase in sales in February was due in large part to a 5.0
percent jump in sales by gas stations, which came on the heels of a 0.7 percent
increase in the previous month.
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