Tuesday, May 13, 2014

Retail Sales Rose a Weak 0.1% in April

Retail sales improved modestly in April, growing 0.1% from the month prior. However, April’s report included a strong upward revision to March’s headline number. Excluding automobile and gasoline sales, retails sales declined slightly in April. Year-over-year growth was 4.0%, down 0.1% from the previous month.

Pent up demand created from the winter was released the month prior resulting in a 1.5% gain, which may have depressed April’s weak growth. Not all aspects of the report were weak. Clothing and accessories sales rose 1.2% in April. Electronics and appliances saw the biggest decline, dropping 2.3%.

Read the Census Report.

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