Retail Sales Exceed Expectations in March: 5 Top Picks

U.S. retail sales were better than expected in March after returning to a growth trajectory in February. On Apr 15, the Department of Commerce reported that retail sales grew 0.7% month over month in March, well above the consensus estimate of 0.3%. Moreover, February’s data was revised upward to an increase of 0.9% from 0.6% reported earlier.Year over year, retail sales increased 3.6% in March primarily owing to a resilient labor market and a higher-than-expected rise in wage rates. Notably, the metric for ...