March Retail Sales Stronger Than Anticipated, According to NRF

Surging past expectations, U.S. retail sales continued to show signs of improvement as consumers hit the stores for seasonal home goods, furniture and apparel, according to the National Retail Federation (NRF). March retail industry sales (which exclude automobiles, gas stations and restaurants) increased 5.7 percent year-over-year. 

March retail sales released Wednesday by the U.S. Commerce Department show total retail sales (which include non-general merchandise categories such as autos, gasoline stations and restaurants) increased 10 percent unadjusted year-over-year.

“It’s evident consumers were feeling much better about the economy and their finances last month,” said Rosalind Wells, chief economist for NRF. “Pent up demand combined with an early Easter and warm spring weather significantly boosted consumers’ moods and retail sales.”

Stores that sell apparel, home goods, outdoor equipment and furniture saw the biggest increases.