U.S. retail sales likely to have expanded in March

The U.S. retail sales are likely to have grown in March. According to a TD Economics research report, retail sales are expected to have expanded 0.4 percent. Meanwhile, the control group is likely to have grown 0.3 percent.

Auto sales are expected to have mainly boosted the spending. Tax refunds, which were pushed into March, also suggest a rebound in spending. But countering declines from gasoline station receipts, building materials and food services might temper the rise, added TD Economics.

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