(Reuters) - Retail sales rose by 0.7 percent as warmer weather and an earlier-than-usual Easter holiday encouraged shoppers in March. Excluding automobiles and parts, sales were up a somewhat smaller-than-expected 0.8 percent, according to the Commerce Department report.
"It's a good solid report, it certainly suggests that first-quarter GDP is going to be at least 2 percent, could be a little more" said Charles Lieberman, chief investment officer at Advisors Capital Management LLC in Paramus, New Jersey.
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