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14 Apr 2015
US retail sales rise less than expected in March
FXStreet (Mumbai) - The US Census Bureau announced today that retail sales in March rose 0.9%, compared to the expectation of a 1.1% gain. The February retail sales figure has been revised upwards to -0.5% from -0.6%.
Total sales for the January 2015 through March 2015 period were up 2.2% from the same period a year ago. Meanwhile, Retail sales Ex-auto rose 0.4% in March, missing the estimate of a 0.7% gain. . Food services and drinking places were up 7.7% from March 2014 and building material and garden equipment and supplies dealers were up 6.3% from last year.
Wholesale prices rise
Elsewhere, another set of data showed, wholesale prices in the US climbed in March for the first time in five months. The 0.2% gain in the producer price index followed a 0.5% drop the prior month, a Labor Department report showed Tuesday.
Total sales for the January 2015 through March 2015 period were up 2.2% from the same period a year ago. Meanwhile, Retail sales Ex-auto rose 0.4% in March, missing the estimate of a 0.7% gain. . Food services and drinking places were up 7.7% from March 2014 and building material and garden equipment and supplies dealers were up 6.3% from last year.
Wholesale prices rise
Elsewhere, another set of data showed, wholesale prices in the US climbed in March for the first time in five months. The 0.2% gain in the producer price index followed a 0.5% drop the prior month, a Labor Department report showed Tuesday.