U.S. retail sales remained strong in March although the rate of growth slowed somewhat from February levels, according to figures released Monday by the Commerce Department.
Initial estimates put the total level of U.S. retail sales at a seasonally adjusted level of $411.1 billion for March, an increase of 0.8 percent over February levels.
And while February's retail figures were revised down slightly to show 1 percent growth rather than the 1.1 percent initially reported, the March sales levels came in significantly higher than the 0.3 percent growth predicted by most economists.
March marks the 10th consecutive month of expanding retail sales, according to Commerce Department figures.
by RTT Staff Writer
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