Mar
12
US retail sales showed a surprise rise in February as consumers braved extreme bad weather to get to the shops.
The US Commerce Department said retail sales rose 0.3% last month, whereas forecasts had predicted a fall of 0.2%.
The rise, the biggest since November, fuelled hopes that economic recovery is gaining momentum and helped to boost shares on Wall Street.
Parts of America were hit by major snow storms in February, sparking concerns that consumers would remain at home.
The overall gain in sales was held back by a 2% fall in car sales, reflecting in part the recall problems at Toyota.
Filed in: Economy
