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Saturday, May 25, 2019
HomeNewsEconomyU.S. Retail Sales Unexpectedly Decline for April, Missing Forecast Range

U.S. Retail Sales Unexpectedly Decline for April, Missing 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)

U.S. retail sales unexpectedly declined 0.2% (±0.5%) to $513.4 billion in April, missing the consensus forecast and lower than the forecast range. Year-over-year, retail sales are still 3.1% (±0.7%) higher than in April 2018.

PriorPrior RevisedConsensus ForecastForecast RangeActual
Retail Sales – M/M ∆1.6 %1.7 %0.2 %-0.1 % to 0.6 %-0.2 %
Retail Sales less autos – M/M ∆1.2 %1.3 %0.7 %0.2 % to 1.1 %0.1 %
Less Autos & Gas – M/M ∆0.9 %1.1 %0.4 %0.0 % to 0.5 %-0.2 %
Control Group – M/M ∆1.0 %1.1 %0.4 %0.0 % to 0.5 %0.0 %

Total sales for February 2019 through April 2019 were up 3.0% (±0.7%) year-over-year and the February 2019 to March 2019 period was revised from +1.6% (±0.5%) to +1.7% (±0.2%).

Retail trade sales were down 0.2% (±0.5%) from March 2019, but are still 2.8% (±0.5%) higher than last year. Nonstore retailers were up 9.0% (±1.2%) from April 2018, while sporting goods, hobby, musical instrument, and book stores were down 8.5% (±2.6%) year-over-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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