Daily News: March 14, 2012

February Retail Sales Improve Most in Five Months

Bloomberg reported that Americans heartened by an improving labor market boosted spending in February at stores and malls by the most in five months, adding to signs that the world’s largest economy is gaining strength.

Bloomberg said the 1.1% advance in February followed a 0.6% increase in January that was larger than previously estimated, according to Commerce Department data. Sales rose in 11 of 13 categories, including auto dealers and clothing stores, showing gains in demand were broad based.

To read the Bloomberg story in its entirety, click here.