Consumers spent more in March on furniture, electronics and at restaurants, but also paid more for gas. Retail sales increased 0.4% last month, the Commerce Department says. It was the ninth consecutive monthly gain. The increase shrank to a 0.1% when sales at gasoline stations were excluded. Still, the biggest decline in auto sales in more than a year also pulled down overall sales. When auto sales and sales at gas stations are bracketed, retail sales rose 0.6%. Many analysts consider that a solid gain, given the jump in gas prices and the fact that Easter occurs later this year. They also note that sales in the previous two months were revised up to show slightly better gains.
Consumer spending increases 0.4% in March
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