Petrol prices lift US retail sales
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US retail sales rose 0.2% in March, after sliding 0.4% in February, thanks to the soaring cost of petrol which led to a 1.1% rise in the value of sales at petrol stations.
The Commerce Department said that without the effect of sales at petrol stations, the index would have shown no change from February's level. Petrol is now retailing at about $3.25 a gallon in the USA; the US liquid gallon is equivalent to about 3.79 litres.
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Sales at department stores and general merchandise stores dipped 0.6% in March, while sales at speciality clothing stores were 0.5% lower; industry pundits said that sales at these types of retail outlets had been depressed by Easter arriving early this year.
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