Recent Updates

  • US: New Residential Construction (Oct)
  • US: Household Employment for States and Regions (Oct)
  • UK: Overseas Travel and Tourism (Aug)
  • Germany: Hotel and Restaurant Turnover, Building Permits (Sep)
  • Italy: Balance of Payments Final Release (Sep)
  • Spain: Credit Institutions' Balance Sheet & Impairment Allowances (Sep)
  • Malaysia: GDP, BOP, External Debt Press, IIP (Q3); Philippines: Motor Vehicle Sales (Oct); Singapore: International Trade (Oct); India: Payment System (Sep); China: IP Value Added by Region,
  • more updates...

Economy in Brief

U.S. Retail Sales Improve
by Tom Moeller  May 12, 2017

Total retail sales and spending at restaurants increased 0.4% during April (4.5% y/y) following a 0.1% March gain, revised from -0.2% reported initially. Earlier figures also were revised. It was the strongest gain in three months. A 0.6% increase had been expected in the Action Economics Forecast Survey.

Sales at motor vehicle & parts dealerships increased 0.7% (4.4% y/y) after as 0.5% decline. The increase compares to a 1.6% gain (-3.0% y/y) in unit motor vehicle sales. Retail sales excluding autos increased 0.3% (4.5%) following a like increase during March, revised from 0.2%. A 0.4% rise had been expected.

Spending on nonauto discretionary items was mixed last month. Nonstore retail sales jumped 1.4% (11.9% y/y) after a 1.1% rise. Sales of electronics & appliances gained 1.3% (0.7% y/y) following a 2.2% increase. Building material store sales increased 1.2% (9.3% y/y) after a 1.7% decline. Sporting goods, hobby shop, book & music store sales improved 0.6% (-2.4% y/y) following a 0.3% fall. Restaurant sales increased 0.4% (3.9% y/y) after a 0.2% rise. To the downside were sales at furniture & home furnishings stores which declined by 0.5% (+3.8% y/y) after a 1.5% rise. Apparel store sales also eased 0.5% (+0.5% y/y) on the heels of a 1.9% gain. General merchandise store sales similarly fell 0.5% (-0.7% y/y), the fourth decline in five months.

In the nondiscretionary sector, health & personal care store sales increased 0.8% (0.7% y/y) after two months of 0.7% increase. Food & beverage store sales eased 0.3% (+2.3% y/y) following a 0.7% increase.

The retail sales data can be found in Haver's USECON database. The Action Economics forecast expectations are included in the AS1REPNA database.

Retail Spending (%) Apr Mar Feb Apr Y/Y 2016 2015 2014
Total Retail Sales & Food Services 0.4 0.1 -0.2 4.5 3.2 2.6 4.3
  Excluding Autos 0.3 0.3 0.1 4.5 3.0 1.4 3.8
  Non-Auto Less Gasoline 0.3 0.4 0.1 3.6 3.9 4.2 4.6
Retail Sales 0.4 0.1 -0.2 4.5 2.9 1.9 4.1
  Motor Vehicle & Parts 0.7 -0.5 -1.5 4.4 4.1 7.3 6.4
 Retail Less Autos 0.3 0.3 0.2 4.6 2.5 0.4 3.4
  Gasoline Stations 0.2 -0.4 -0.0 12.3 -5.7 -17.6 -2.0
Food Service & Drinking Places Sales 0.4 0.2 -0.0 3.9 5.9 8.1 6.1
close
large image