U.S. Retail Sales Surge in March, Led by Auto Industry

In March 2023, there was a significant increase in retail sales in the United States, attributed to strong demand for automobiles. Data recently released by the U.S. Department of Commerce indicates that retail sales rose by 1.6% compared to the previous month, totaling $696 billion. This increase marks the most substantial growth since January and is a result of more favorable purchasing conditions for consumers, connected to changes in tariff policies.

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