Keeping you up to date on the latest data releases.
- Retail Sales
Retail sales rose 0.4 percent in March, just below expectations of a 0.5 percent gain. The modest increase in March follows a slight upward revision to February’s increase—from 1.0 percent to 1.1 percent. On a year-over-year basis, retail sales are up 7.1 percent. “Core” retail sales—sales excluding autos, building supplies, and gas stations—rose 0.4 percent in March. Over the past 12 months, this “core” measure of retail sales is up 5.1 percent. Across broad categories, sales were mostly positive, with sales from furniture and home furnishing stores (up 3.6 percent) gas stations (up 2.6 percent), building material and garden equipment and supplies (up 2.2 percent) and electronics and appliances (up 2.1 percent) all increasing more that 2.0 percent. On the downside, sales decreased at miscellaneous store retailers (−2.1 percent), motor vehicle and parts dealers (−1.7 percent) and nonstore retailers (−0.3 percent).