US Retail Sales Rise by Most in a Year
2026-04-21 12:33
By
Joana Ferreira
1 min. read
US retail sales rose sharply by 1.7% in March 2026, surpassing market expectations of 1.4% and following an upwardly revised 0.7% increase in February.
This marks the steepest growth since March 2025, driven largely by a record 15.5% surge in gasoline station receipts as fuel prices spiked amid the escalating conflict with Iran.
Despite rising pump prices, consumer spending remained solid across nearly all categories, likely boosted by larger-than-usual tax refunds.
Sales increased at motor vehicle and parts dealers (0.5%), furniture and home furnishing stores (2.2%), electronics and appliance stores (0.9%), building material and garden equipment suppliers (0.7%), food and beverage stores (0.7%), health and personal care stores (0.5%), general merchandise stores (1.0%), and nonstore retailers (1.0%).
Receipts at restaurants and bars, the only service-sector category in the report, advanced 0.1%.
Core retail sales, excluding volatile sectors, climbed 0.7%, exceeding forecasts of 0.2%.