Like a delicate crocus, the American consumer is waking up for spring

April 14, 2014
April 14, 2014

After a long, cold winter, the March thaw apparently put Americans in the mood to shop.

US retail sales jumped 1.1% in March compared with the previous month. That was the best monthly jump since September 2012, and better than expectations from Wall Street analysts.

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Much of the bump was driven by a 3.1% gain in auto sales, compared to February. But even excluding autos, retail sales were up 0.7%. That’s the biggest gain in more than a year. Other details bode well for the US domestic economy. For example, sales at furniture stores rose 1%. And as spring sunshine finally made an appearance, building and garden retailers saw sales rise 1.8%.

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