Dive Brief:
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March retail sales gained the most they have in a year and a half, the U.S. Commerce Department said Monday.
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The gain, which beat most expectations, is a sign that the economy is gaining momentum despite weather-bound stymied sales earlier this year.
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The Commerce Department also revised its February sales report upward, from .3% to .7%.
Dive Insight:
Consumer spending is seen as the most important element in driving a healthy economy, and this report is a signal that the economy may be finally shaking off the fragility that has been a hangover of the 2007-2009 recession. The news is bolstering hopes that growth will continue steadily.