Retail sales climbed as expected
(An employee scans television purchases during Black Friday sales at a Best Buy store in Los Angeles, California, U.S. November 25, 2016.David McNew/Reuters)
US retail sales rose just as expected.
Retail sales rose by 0.1% month-over-month in February, as economists had forecast according to Bloomberg.
Core retail sales, which do not include gas and auto sales, rose by 0.2% month-over-month, again as economists were expecting.
But notably, January's core retail sales were upwardly revised to a 1.2% increase, up from the prior reading of 0.8%.
Last month, retail sales jumped by 0.4%, above expectations of 0.1%.
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