US Retail Sales Down 0.3%

Retail sales in the United States declined 0.3 percent in March from February of 2016 after posting no growth in the previous period and compared to market expectations of a 0.1 percent increase, due to lower auto sales. Considering the first quarter of the year, retail sales declined 0.1 percent.

4 out of 13 major categories declined, 7 went up and 2 showed no growth. The biggest decline was reported for motor vehicle sales and part dealers (-2.1 percent), followed by clothing (-0.9 percent), sales at food services and drinking places (-0.8 percent) and nonstore retailers (-0.1 percent). In contrast, sales at building material & garden equipment and supplies dealers posted the highest increase (1.4 percent), followed by health and personal care (1 percent), gasoline stations (0.9 percent), general merchandise stores (0.5 percent), furniture and home furniture stores (0.3 percent), sporting goods, hobby, book and music stores supplies dealers (0.2 percent) and electronics and appliance stores (0.1 percent). On the other hand, sales at food and beverages stores and miscellaneous store retailers showed no growth.

Excluding autos, sales increased 0.2 percent, after posting no growth in the previous month. The so-called control group of sales – excluding automobiles, gasoline, building materials and food services – were up 0.1 percent after an upwardly revised 0.1 percent increase in the previous month. 

Retail sales for the February month have been previously reported as falling 0.1 percent.

US Retail Sales Down 0.3%

US Census Bureau | Joana Taborda |
4/13/2016 1:59:42 PM