Updated: 17-May-22 09:22 ET
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Updated: 17-May-22 09:22 ET |
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Highlights
- Total retail sales increased 0.9% month-over-month in April (Briefing.com consensus 1.1%) following an upwardly revised 1.4% increase (from 0.5%) in March.
- Excluding autos, retail sales rose 0.6% (Briefing.com consensus 0.3%) after increasing an upwardly revised 2.1% (from 1.1%) in March.
Key Factors
- Motor vehicle and parts dealers sales increased 2.2% month-over-month after declining 1.6% in March.
- Electronics and appliance store sales rose 1.0% month-over-month after increasing 2.7% in March.
- Building material and garden equipment and supplies dealers sales dipped 0.1% month-over-month after increasing 0.7% in March.
- Food and beverage store sales fell 0.2% after increasing 0.8% in March.
- Gasoline station sales declined 2.7% month-over-month after increasing 9.6% in March.
- General merchandise store sales rose 0.2% month-over-month after increasing 2.1% in March.
- Nonstore retailer sales increased 2.1% month-over-month after increasing 0.4% in March.
- Food services and drinking places jumped 2.0% month-over-month after increasing 1.9% in March.
Big Picture
- The key takeaway from the report, which is not adjusted for inflation, is that higher pricing helped in the sales growth, yet spending increased across most discretionary categories.
Category |
APR |
MAR |
FEB |
JAN |
DEC |
Retail Sales |
0.9% |
1.4% |
1.7% |
2.7% |
-1.6% |
Excluding Autos |
0.6% |
2.1% |
1.7% |
1.6% |
-1.4% |
Durable goods |
|
|
|
|
|
Building Materials |
-0.1% |
0.7% |
0.3% |
2.3% |
0.8% |
Autos/parts |
2.2% |
-1.6% |
1.4% |
7.3% |
-2.3% |
Furniture |
0.7% |
-0.1% |
0.9% |
6.9% |
-6.7% |
Nondurable goods |
|
|
|
|
|
General Merchandise |
0.2% |
2.1% |
-2.4% |
3.0% |
-1.8% |
Food |
-0.2% |
0.8% |
-0.1% |
0.5% |
0.5% |
Gasoline stations |
-2.7% |
9.6% |
6.3% |
-1.8% |
1.3% |
Clothing |
0.8% |
2.0% |
1.3% |
0.4% |
-2.8% |
e*retailing/non-store |
2.1% |
0.4% |
1.3% |
7.1% |
-4.4% |