Friday, May 14, 2010

Retail Sales Rise 0.4%; Core Sales Also Up 0.4%

In April, retail sales rose 0.4% following a large rise of 2.1% in March. Though this is solid retail sales growth, the strength was concentrated in only a few retail categories rather than the broad based growth experienced in recent months. Only about half of retail sector subcategories posted sales growth. The total increase was heavily led by a strong surge in sales at building supply stores, which rose 6.8%. This was the second continuous large increase. Core sales, which do not include the volatile autos and gasoline components, rose by the same 0.4% as the top line number.

From a year prior, sales were up 8.8%. This is a new cyclical high and a turnaround from a negative year-over-year rate as recently as last October. Core sales followed a similar pattern, and rose 5.1% from a year prior.

10.05.14 (Source: Census Bureau)

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