US retail sales picked up sharply in February despite a payroll tax hike, driven largely by a surge in gasoline prices, government data released Wednesday showed.
People carry shopping bags on Broadway in Manhattan on February 13, 2013 in New York City. US retail sales picked up sharply in February, driven by a surge in gasoline prices, government data released Wednesday showed.
Retail and food services sales rose 1.1 percent from January, the Commerce Department reported, much stronger than the 0.5 percent increase estimated by analysts.
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