US Retail Sales Rise 0.3% in April as Expected

US retail trade rose by 0.3 percent month-over-month in April 2018, following an upwardly revised 0.8 percent surge in March and matching market expectations.

9 of 13 major retail categories showed month-over-month increases.

Sales at gasoline stations jumped 0.8 percent (vs 0.3 percent in March) and those at food & beverage stores advanced 0.4 percent (vs 0.2 percent in March). In addition, a rebound was seen in sales at gardening and building material stores (0.4 percent vs -1 percent), clothing & clothing accessories stores (1.4 percent vs -0.2 percent), and miscellaneous store retailers (0.9 percent vs -1.1 percent). Sales also rose at: motor vehicle & parts dealers (0.1 percent vs 2.1 percent); furniture & home furniture stores (0.8 percent vs 1.4 percent); general merchandise stores (0.3 percent vs 0.4 percent); and nonstore retailers (0.6 percent vs 0.9 percent).

Meanwhile, sales at health & personal care stores fell the most (-0.4 percent vs 1.1 percent), followed by food services & drinking places (-0.3 percent vs 1.2 percent), electronics & appliance stores (-0.1 percent vs 0.7 percent), and sporting goods, hobby, book & music stores (-0.1 percent vs -0.1 percent).

Excluding automobiles, gasoline, building materials and food services, retail sales rose 0.4 percent in April after an upwardly revised 0.5 percent increase in March.

Year-on-year, retail trade grew 4.7 percent in April, compared with a 4.9 percent rise in March.

US Retail Sales Rise 0.3% in April as Expected

US Census Bureau | Joana Ferreira |
5/15/2018 1:56:58 PM