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April Retail Sales Rise 0.3% In Line With Consensus

Retail sales rose 0.3% in April with March Revised 0.2% higher to 0.8%.

The Census Bureau report on Advance Retail Sales shows sales roe 0.3% in April.

Key Points

  • Advance estimates of U.S. retail and food services sales for April 2018, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $497.6 billion, an increase of 0.3% from the previous month, and 4.7%above April 2017.
  • The February 2018 to March 2018 percent change was revised from up 0.6% to up 0.8%.
  • Retail trade sales were up 0.4% from March 2018, and 4.8% above last year.
  • Gasoline Stations sales rose 0.8% for the month and were up 11.7% from April 2017
  • Nonstore Retailers were up 0.6% for the month 9.6% from last year.
  • Motor Vehicles and parts rose 0.1% for the month and were up 4.3% from April 2017.

Mike "Mish" Shedlock

The “Economy” can “Handle” pretty much whatever rate the Fed sets it up to handle. It’s in a state of capture here. Has been for ten years.

Never mind the alarmists, just look at the big picture, projected from the Eccles Building.

The Fed will run rates up until the pigs squeal, and nothing is left but bulls and bears.

El Tedo I agree with you about Bill Gross. He’s made several wrong calls over the last couple of years. Yet he is still a well known bond guy just as Jamie Dimon is a well known banker. So how can they be so far apart at 75 basis points? So the midpoint between 3.25 and 4.0 is 3.625. I’m trying to figure out who I think will be the closer say over the next year. So many variables to consider here. I should have made it only 6 months. Too.late for that so I’ll take 362 and below if you want to take 363 and above.

Mish what was the no? Don’t think it was for me.

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