Retail Sales Rise 1.7% in March, Driven by Increased Gas Prices Linked to Iran War
Retail sales in the U.S. increased by 1.7% in March compared to February, largely due to a spike in gas prices caused by the ongoing Iran war. Excluding gas prices, retail sales still rose by 0.6%, supported by government tax refunds and warm weather. The report indicates a strong consumer spending trend despite the war's economic impact.
Topics: consumer spending economic growth gas prices Iran war retail sales