Monday, May 13, 2013

Retail Sales Increased 0.1% in April

Retail sales increased 0.1% in April, following a revised 0.5% decline the previous month. Retail sales continue their volatile trend, alternating between increasing and decreasing the past five months. Retail sales are now 3.7% above year ago levels, an improvement from March, but still well below year-ago growth seen in other previous months.

Excluding autos and gas, sales were up 0.6% from the previous month and 3.9% from year ago levels.

Gasoline continued to drag on retail sales, as gasoline stations saw a 4.7% drop in sales from March. Along with food and beverages, they were the only two categories with negative sale growth from the previous month. Building materials showed the strongest gains in April, increasing 1.5%.

Read the Census release.

No comments:

Post a Comment

Please read our comment policy before making a comment.