Markets

U.S. ECONOMICS: April Retail Sales Disappoint

U.S. retail sales inched up 0.1% in April with the ex-auto component unchanged. The 1.2% jump in headline March sales was revised to 1.5%, and February's prior 0.7% was bumped up to 0.9%. The 0.7% ex-auto gain from March was nudged to 1.0%, and the prior 0.3% February gain was revised to 0.4%.

Excluding autos, gas, and building materials, sales slid 0.2% after a 1.4% increase previously (revised from 0.9%). Sales excluding food, gas, autos, and building materials dipped 0.1% after a 1.3% jump in March (revised from 0.8%). Motor vehicles and parts sales rose 0.6% after solid gains in February and March.

Gas station sales rebounded 0.8% after declines in February and March. Food, beverage sales edged up 0.3%. Electronics dove 2.3% lower, while Miscellaneous sales dropped 2.3%. Clothing sales surged 1.2%. The revisions to prior months takes some of the sting out of the weakness in the headline data.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More