The solid rebound of retail sales in March reinforces the resilience of consumption in the US, but the new tariffs could put that impulse at risk in the coming months at risk
Retail sales rose more than 1.4% in March, In line with forecastsand registered their best reading in more than two years, in the last sign of the resilience of the US economy before The war of reciprocal tariffs will be unleashed of this month.
General retail sales increased 1.4% in March, in line with the expectations of economists and well above the 0.2% increase recorded in February, according to the data of the Census office. It was the largest monthly increase since January 2023.
The report control group – which excludes several volatile categories and is used to calculate the quarterly GDP – rose 0.4%, below the 0.6% planned by analysts. However, the February data was reviewed upwards, moving from 1% original to 1.3%.
March sales, excluding cars and fuel, increased 0.8%, exceeding 0.6%consensus.
Key data for Wall Street
The publication comes at a time of growing fears that the US economy is growing more slowly than Wall Street anticipated at the beginning of 2025. And that, even before the impact of the tariffs of the “Liberation Day”
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With Trump policies raising the US effective tariff rate at its highest level in a century, economists generally expect the new measures to promote inflation and slow economic growth. Some even warn that tariffs could lead to an economy already in deceleration of a recession later this year.
“The Fed had achieved what many thought impossible,” said James Eelhof, chief economist for the US of BNP Paribas, to Yahoo Finance, in reference to the solid recent employment report and inflation at its lowest level in four years. “He had managed to take us to the edge of a soft landing. Now, tariffs change everything.”
Source: Ambito
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