Commerce Department reported on Thursday the sales at U.S. retailers surged 9.8
percent m-o-m in March, following a revised 2.7 percent m-o-m decline in February
(originally a 3.0 percent m-o-m fall). This was the strongest monthly gain since
Economists had expected total sales would jump 5.9 percent m-o-m in March.
According to the report, the largest advances in retail sales were recorded for sporting goods (+23.5 percent m-o-m), clothing (+18.3 percent m-o-m), food and beverage (13.4 percent m-o-m) and building materials (+12.1 percent m-o-m).
Excluding auto, retail sales climbed 8.4 percent m-o-m in March after a revised 2.5 percent m-o-m drop in the previous month (originally a 2.7 percent m-o-m decrease), being much better than economists’ forecast of a 5.2 percent m-o-m gain.
Meanwhile, closely watched core retail sales,
which exclude automobiles, gasoline, building materials and food services, and
are used in GDP calculations, jumped 6.9 percent m-o-m in March after a revised
3.4 percent m-o-m decrease in February (originally a 3.5 percent m-o-m
© 2000-2021. All rights reserved.
This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at firstname.lastname@example.org.