March retail sales unexpectedly rise 0.2 pct

U.S. retail sales unexpectedly rose 0.2 percent in March, pushed up by a jump in gasoline sales, a government report released on Monday showed.

Sales at gasoline stations rose 1.1 percent, the Commerce Department said. Excluding gasoline sales, retail sales were flat last month.

Gasoline prices hit records in March and have continued to rise since then, according to government data.

Analysts polled by Reuters were expecting retail sales to be unchanged from the previous month.

Read Full Article from Reuters

- Posted: 2008-04-14 08:50:26

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