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Friday, October 18, 2019
HomeNewsEconomyRetail Sales Rebound Strongly for March, Gaining 1.6%, Beating Forecast Range

Retail Sales Rebound Strongly for March, Gaining 1.6%, Beating Forecast Range

Group of friends sitting outdoors with shopping bags; several people holding smartphones and tablets. (Photo: AdobeStock/ OneInchPunch/PPD)
Group of friends sitting outdoors with shopping bags; several people holding smartphones and tablets. (Photo: AdobeStock/ OneInchPunch/PPD)
Group of friends sitting outdoors with shopping bags; several people holding smartphones and tablets. (Photo: AdobeStock/ OneInchPunch/PPD)

DU.S. retail sales came in at $514.1 billion, an increase of 1.6% (±0.5%) from the previous month and 3.6% (±0.7%) above March 2018. Total retail sales for the period covering January 2019 through March 2019 were up 2.9% (±0.7%) from the same period a year ago.

The reading reported by the U.S. Census Bureau Thursday easily beats the forecast.

PriorRevisedConsensusRangeActual
Retail Sales – M/M-0.2%0.8%0.3% – 1.4%1.6%
Less Autos – M/M-0.4%-0.2%0.7%0.3% – 1.1%1.2%
Less Autos/Gas-0.6%-0.7%0.4%0.4% – 0.8%0.9%

Released on March 18, 2019 at 8:30 AM EST for March, 2019.

Retail trade sales increased 1.7% (±0.5%) from February 2019, and are 3.5% (±0.5%) higher than last year. Non-store retailers have gained 11.6% (±1.4%) from March 2018, while sporting goods, hobby, musical instrument, and book stores were down 9.7% (±2.5%) from last year.

Written by
Staff Writing Group

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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