US March retail revenue inches up

New York - US retailers are reporting modest sales gains for March as consumers held back due to cold weather during the month and continued worry about the economy.

Overall, 14 retailers reported on Thursday that revenue at stores open at least a year - a key indicator of retail health - rose an average of 0.6 percent.

That number comes from the research firm Retail Metrics.

Costco Wholesale Corp.'s revenue figure rose 4 percent in March, short of expectations for a 5.2 percent rise.

Economists monitor consumer spending because it accounts for more than 70 percent of economic activity. - Sapa-AP