Furniture sales climb 3.9% in March

President Donald Trump signed a presidential memorandum imposing tariffs and investment restrictions on China a month

President Donald Trump signed a presidential memorandum imposing tariffs and investment restrictions on China a month

There were $494.6 billion in retail and food service sales in March, up 0.6% from the previous month and 4.5% from March 2017, according to the U.S. Census Bureau.

Core retail sales - excluding automobiles and parts - rose 0.2%. Non-store retailers - primarily e-commerce and catalog businesses - and gas stations tied for the best gain, each with sales up 9.7% from March past year.

The report said retail sales climbed by 0.6 percent in March after edging down by 0.1 percent in February. Sales at nonstore retailers grew 0.8% following February's 0.9% increase. February's number was upwardly revised to reflect a 0.1% decrease. Sporting goods, hobby, book and music stores was the only other sector to post a year-over-year sales decline in March - down 3.3%.

Senior US official briefs Turkey on Syria situation
Mr Bozdag said Turkey did not hesitate to work together with any country who defended "correct principles" on Syria. However, Donald Trump, US president, has raised the issue directly with Recep Tayyip Erdogan, Turkish president.

"We remain upbeat for the coming months", he added. "As such we look for a more positive contribution from consumer spending to overall GDP growth in 2Q18".

From January 2018 through March, sales for furniture and home furnishings stores jumped 4.5% from the first quarter a year ago, the DOC said, the fifth greatest sector gain.

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