US Retail Sales Disappoint
Retail sales in the United States were flat in April, following an upwardly revised 1.1 percent rise in March driven mostly by a fall in autos and gasoline sales.
Six of 13 major categories showed decreases in April. Sales at department stores dropped the most (-2.2 percent), followed by furniture (-0.9 percent) and gas stations (-0.7 percent). Receipts at electronics and appliance stores; and motor vehicle and parts dealers shrank 0.4 percent each; at grocery stores declined 0.3 percent and sales in food and beverages fell 0.1 percent.
Sales at sporting goods, book and music store, nonstore retailers and health and personal care stores rose by 0.8 percent each. Purchases in food services and drinking places increased by 0.7 percent, building material and garden equipment by 0.3 percent and clothing by 0.2 percent.
Core retail sales (excluding automobiles, gasoline, building materials and food services) were also unchanged after rising 0.5 percent in March. Excluding autos, receipts edged up 0.1 percent, slowing from a 0.7 percent increase in March. Sales excluding gas and autos increased 0.2 percent, down from 0.7 percent in the previous month.
5/13/2015 2:58:20 PM