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Sunday, August 19, 2018
HomeNewsEconomyU.S. Retail Sales Meet Forecast in April, Rose 4.7% Annually

U.S. Retail Sales Meet Forecast in April, Rose 4.7% Annually

A shopper passes a ''Sale'' sign at Quincy Market in downtown in Boston, Massachusetts, U.S. January 11, 2017. (Photo: Reuters)
A shopper passes a ''Sale'' sign at Quincy Market in downtown in Boston, Massachusetts, U.S. January 11, 2017. (Photo: Reuters)

A shopper passes a ”Sale” sign at Quincy Market in downtown in Boston, Massachusetts, U.S. January 11, 2017. (Photo: Reuters)

The U.S. Census Bureau said the advance estimate for retail sales were $497.6 billion, an increase of 0.3% (±0.4%)* from the previous month and 4.7% (±0.5%) above April 2017. Revisions to previous data were also estimates higher.

Total retail sales for the February 2018 through April 2018 period were up 4.6% (±0.5%) from the same period a year ago. The February 2018 to March 2018 percent change was revised from up 0.6% (±0.5%) to up 0.8% (±0.2%).

Retail trade sales were up 0.4% (±0.5%)* from March 2018, and 4.8% (±0.5%) above last year. Gasoline Stations were up 11.7% (±1.6%) from April 2017, while Nonstore Retailers were up 9.6% (±1.4%) from last year

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PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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