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US retail sales rises 1.7% MoM in March driven by gas price spike due to the Iran war

A spike in gas prices due to the Iran war, now in its eighth week, resulted in a hefty 1.7% gain in retail sales in March after a revised 0.7% increase in February, according to the Commerce Department’s report on Tuesday. The report marks the first read on spending to capture the effects of the Iran war.

Source :- Markets-Economic Times Read More

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