March retail sales up higher than expected
April 13, 2006-- Home Textiles Today,
Washington -- Helped by a rebound in car sales, and do-it-yourselfers who started to fix up their homes as warmer weather settled in, U.S. retail sales picked up at a healthy clip during March, rising by 0.6%, and beating forecasts for a somewhat smaller 0.5%.
Sales in furniture and home furnishings stores climbed by 0.5% for March, while sales at building material and garden supply outlets rose by 1.2%.
And the news out of the Commerce Department gets even better: February retail sales were better than originally reported. The agency had originally reported February sales declined by 1.4%, but has since revised that number to a smaller decline of 0.8%, suggesting that consumer spending is still on track.
Related Content By Author
Online Moves From Afterthought To Main Thought For Textiles Suppliers