Retail sales climbed as expected

US retail sales rose just as expected.

Retail sales rose by 0.1% month-over-month in February, as economists had forecast according to Bloomberg.

Core retail sales, which do not include gas and auto sales, rose by 0.2% month-over-month, again as economists were expecting.

But notably, January’s core retail sales were upwardly revised to a 1.2% increase, up from the prior reading of 0.8%.

Last month, retail sales jumped by 0.4%, above expectations of 0.1%.

NOW WATCH: 7 mega-billionaires who made a fortune last year

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at