Retail Sales Climb Less Than Forecast From U.S. Bad Weather

April 14, 2015 12:59 PM

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Sales at U.S. retailers rose less than forecast in March after being depressed by harsh winter weather, signaling consumers are intent on not overextending themselves.

Purchases increased 0.9 percent, the first gain in four months, after a 0.5 percent drop in February, Commerce Department figures showed Tuesday in Washington. The median forecast of 87 economists surveyed by Bloomberg called for a 1.1 percent advance.

Also read: BRIEF-Draegerwerk sees FY net sales growth at lower end of forecast range

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