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Retail Sales in U.S. Increase for First Time in Three Months
Retail sales in the U.S. rose in February for the first time in three months, a sign consumers are starting to shake off the effects of the harsh weather that curbed spending even more than previously estimated. The 0.3 percent advance followed a 0.6 percent drop in January that was larger than initially reported, Commerce Department figures showed today in Washington. The median forecast of 84 economists surveyed by Bloomberg called for a 0.2 percent advance. The rebound in demand was broad-based with nine of 13 major categories showing increases. Americans ventured out to shop even as colder-than-normal ... (full story)
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