Retail sales surged in March at the fastest pace since late 2017, as spending on autos, gasoline, furniture and clothing jumped.
The Commerce Department said this week that sales rose a seasonally adjusted 1.6 percent from February, the strongest increase since September 2017.
The gains mark a sharp rebound from a lackluster period of sales in December. It’s a sign that the healthy job market has likely made consumers more eager to spend in ways that boost overall economic growth.
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“For the first time in months, markets were finally presented with an upbeat report on U.S. retail sales,” said Jennifer Lee, a senior economist with BMO Capital Markets. “Americans hit the malls with a vengeance…” The Colombian
