Retail sales were expected to increases 0.6% in March, according to Dow Jones estimates.
Retail sales data are not adjusted for inflation. Consequently, the biggest gain in sales for the month game at gas stations, which saw an 8.9% increase in sales as gasoline prices rose 18.3% during the period. The sector has seen a 37% sales burst over the past year.
By contrast, online sales slumped sharply, falling 6.4% for the month. General merchandise stores saw a gain of 5.4%, sporting goods and electronics stores both saw 3.3% gains, and bars and sales at food and beverage stores along with bars and restaurants rose 1%. Retail sales broadly rose 6.9% from a year ago, a period during which CPI inflation surged 8.5%, the highest level since December 1981.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
US retail sales climb 0.5% in March, falling short of estimatesAmericans' spending at stores and restaurants rose to a new record in March as inflation hit a 41-year high
Les mer »
USD/JPY finds a short-lived pullback from 125.40 ahead of the US Retail SalesThe USD/JPY pair is experiencing a short-lived pullback after a steep fall from a six-year high at 126.32. The pair is likely to witness more downside
Les mer »
March top home sales: Cherry Hills mansion, Cherry Creek penthouseThe CEO of a human resources and recruiting software company sold his Cherry Hills Village mansion plus an adjacent parcel for $9 million in March, earning the top spot on BusinessDen’s monthly top…
Les mer »
March 2022 van sales revealed: who were the winners and losers?Computer chip shortages disrupted an important month for van sales, but more than 40,000 new models still left showrooms 👊 But which were the most popular?
Les mer »
Retail Spending Advanced in March as Inflation Surged, Economists EstimateConsumers are estimated to have increased their retail and restaurant spending by 0.6% in March compared with the previous month, according to economists
Les mer »
Once a retail giant, Kmart down to 3 stores after NJ closingOnce it shutters, the number of Kmarts in the U.S. – once well over 2,000 – will be down to three last holdouts, according to multiple reports, in a retail world now dominated by Walmart, Target and Amazon.
Les mer »