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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)

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.

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PPD Business Staff

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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