India, April 16 -- Retail sales in the U.S. saw a sharp increase in the month of March, according to a report released by the Commerce Department on Wednesday.
The Commerce Department said retail sales shot up by 1.4 percent in March after inching up by 0.2 percent in February. Economists had expected retail sales to jump by 1.3 percent.
"This morning's retail sales came in better than expected, and while normally that would be a good thing for markets, it is very possible that consumers are front-loading their purchases and we may be seeing an artificial bump in sales, which the market will likely look through," said Chris Zaccarelli, Chief Investment Officer for Northlight Asset Management.
The surge by retail sales partly reflected a ...