Keeping you up to date on the latest data releases.
- Retail Sales
Total retail sales decreased at a nonannualized rate of 0.4 percent in March and year-over-year retail sales are up 2.8 percent. Auto sales decrease 0.5 percent in March, following an increase in February of 1.3 percent. Excluding autos, retail sales decreased 0.4 percent, over the past 12 months. Retail sales excluding autos are up 2.0 percent. Declines were widespread across segments: gasoline stations (down 2.2 percent), electronics and appliance stores (down 1.6 percent), and general merchandise stores (down 1.2 percent). Gains were seen in furniture stores (up 0.9 percent), restaurants (up 0.8 percent) and non-store retailers (up 0.3 percent). A less volatile indicator of sales growth, “core” retail sales (which excludes sales of autos, building supplies, and gas stations) decreased 0.3 percent in March, and are up 2.1 percent on a year-over-year basis.