Tuesday, May 15, 2018

Retail Sales increased 0.3% in April

by Bill McBride on 5/15/2018 08:42:00 AM

On a monthly basis, retail sales increased 0.3 percent from March to April (seasonally adjusted), and sales were up 4.7 percent from March 2017.

From the Census Bureau report:

Advance estimates of U.S. retail and food services sales for April 2018, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $497.6 billion, an increase of 0.3 percent from the previous month, and 4.7 percent above April 2017. ... The February 2018 to March 2018 percent change was revised from up 0.6 percent to up 0.8 percent
Retail Sales Click on graph for larger image.

This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline).

Retail sales ex-gasoline were up 0.3% in April.

The second graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993.

Year-over-year change in Retail Sales Retail and Food service sales, ex-gasoline, increased by 4.0% on a YoY basis.

The increase in April was at expectations, and sales in February and March were revised up.