U.S. retail sales jumped by 1.4% in March, surpassing expectations, according to CNBC. Excluding autos, sales rose by fifty basis points, also beating forecasts. A more than 5% increase led to the surge in auto and parts sales as consumers rushed to buy ahead of President Donald Trump’s upcoming tariffs. Building materials, sporting goods, and dining also saw notable gains, while gas station sales fell due to lower fuel prices. Spending remained strong, despite historically low consumer sentiment and inflation fears. Economists called it a blowout month as buyers anticipate higher prices.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02U.S. retail sales jumped by 1.4% in March, surpassing expectations, according to CNBC.
00:08Excluding autos, sales rose by 50 basis points, also beating forecasts.
00:12More than 5% increase led to surging auto and part sales as consumers rushed to buy
00:16ahead of President Donald Trump's upcoming tariffs.
00:18Building materials, sporting goods, and dining also saw notable gains,
00:23while gas station sales fell due to lower fuel prices.
00:26Spending remains strong despite a store-free low-consumer sentiment and inflation fares.
00:31Economists call it a blowout month as buyers anticipate higher prices.
00:34For all things money, visit Benzinga.com slash GSTV.