Retail Sales Rise 1.1% The Same As Analyst Expectations

  The Census Bureau of the Department of Commerce released its retail sales report today, Tuesday. The report showed that there was a rise in retail spending of 1.1%. The report showed the total retail sales for the month of February. Sales have been positive in this category since September and the trend is generally up. January’s unexpectedly low 0.4% increase was rooted in a very low auto sales component. The report showed 0.7% growth excluding auto sales. That shouldn’t be a problem this time around however. February showed strong growth in auto sales according to previous reports. Much of…