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Retail sales rebound, post largest gain in a year

from Reuters

U.S. retail sales rose in March for the first time since late last year as consumers bought automobiles and other goods, bolstering views that a sharp slowdown in economic growth in the first quarter was temporary. The Commerce Department said retail sales increased 0.9 percent. That was the largest gain since March last year and snapped three straight months of declines that had been blamed on harsh winter weather. more


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