Friday, May 12, 2017

Retail Sales increased 0.4% in April

by Calculated Risk on 5/12/2017 08:47:00 AM

On a monthly basis, retail sales increased 0.4 percent from March to April (seasonally adjusted), and sales were up 4.5 percent from April 2016.

From the Census Bureau report:

Advance estimates of U.S. retail and food services sales for April 2017, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $474.9 billion, an increase of 0.4 percent from the previous month, and 4.5 percent above April 2016. ... The February 2017 to March 2017 percent change was revised from down 0.2 percent to up 0.1 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 0.4% 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 by3.8% on a YoY basis.

The increase in April was below expectations, however sales for March were revised up. A decent report.