Retail Sales Show Growth in March

Press enter to search
Close search
Open Menu

Retail Sales Show Growth in March

04/22/2019

Retail’s ongoing yo-yo sales trend continues in March, as consumer spending increases following a downturn in February.

Advance estimates of the U.S. Retail and Food Services were $514 billion for Mardh, an increase of 1.6% compared to February, and 3.6% above March 2018, according to the U.S. Department of Commerce.

“March’s numbers are very encouraging and set the stage for improved expectations for the economy in the coming months, especially since the first quarter is typically weak,” NRF chief economist Jack Kleinhenz said in a prepared statement. “These numbers boost first-quarter performance and suggest a strong consumer.”

Performance metrics from key retail sectors during March include:

• Online and other non-store sales were up 9.2% year-over-year and up 1.2% month-over-month seasonally adjusted.

• Health and personal care stores were up 1.6% year-over-year and up 0.2% month-over-month seasonally adjusted.

• General merchandise stores were down 0.5% year-over-year but up 0.7% month-over-month seasonally adjusted.

• Building materials and garden supply stores were down 0.7% year-over-year but up 0.3% month-over-month seasonally adjusted.

• Furniture and home furnishings stores were down 1% year-over-year but up 1.7% month-over-month seasonally adjusted.

• Grocery and beverage stores were down 1.1% year-over-year but up 1% month-over-month seasonally adjusted.

• Clothing and clothing accessory stores were down 2.6% year-over-year but up 2% month-over-month seasonally adjusted.

• Electronics and appliance stores were down 4.1% year-over-year but up 0.5% month-over-month seasonally adjusted.

• Sporting goods stores were down 10.8% year-over-year and down 0.3% month-over-month seasonally adjusted.