Retail Sales Rebound In March As Autos Jump
After 3 straight months of declines, March retail sales surprised to the upside bouncing 0.6% MoM (+0.4% exp), but ex-autos/gas was a disappointment (rising 0.3% vs 0.4% expectations). The 0.6% MoM spike was higher than the highest (of 71) economists’ estimate Eight of 13 major retail categories showed increases. Sales at health and personal-care stores rose 1.4 percent, the…