by Calculated Danger on 5/15/2024 08:41:00 AM
On a month-to-month foundation, retail gross sales had been “virtually unchanged” from March to April (seasonally adjusted), and gross sales had been up 3.0 p.c from April 2023.
From the Census Bureau report:
Advance estimates of U.S. retail and meals providers gross sales for April 2024, adjusted for seasonal variation and vacation and trading-day variations, however not for worth modifications, had been $705.2 billion, nearly unchanged from the earlier month, however up 3.0 p.c above April 2023. … The February 2024 to March 2024 p.c change was revised from up 0.7 p.c to up 0.6 p.c (±0.1 p.c).
emphasis added
Click on on graph for bigger picture.
This graph reveals retail gross sales since 1992. That is month-to-month retail gross sales and meals service, seasonally adjusted (complete and ex-gasoline).
Retail gross sales ex-gasoline had been down 0.2% in April.
The second graph reveals the year-over-year change in retail gross sales and meals service (ex-gasoline) since 1993.
Retail and Meals service gross sales, ex-gasoline, elevated by 3.0% on a YoY foundation.
The change in gross sales in April was under expectations, and, gross sales in February and March had been revised down.
