Reflecting a spike in sales by gas stations, the Commerce Department released a report on Thursday showing an increase in U.S. retail sales in the month of March.
The report showed retail sales rose by 0.5 percent in March after climbing by an upwardly revised 0.8 percent in February.
Economists had expected retail sales to increase by 0.6 percent compared to the 0.3 percent uptick originally reported for the previous month.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.