By Alexander Bueso
Date: Monday 15 Apr 2024
LONDON (ShareCast) - (Sharecast News) - Retail sales in the U.S. grew more than twice as quickly as expected last month amid big increases at non-store retailers and for gasoline.
According to the Department of Commerce, in seasonally adjusted terms, retail sales volumes jumped at a month-on-month pace of 0.7% in March to reach $709.6bn.
Economists had penciled-in a rise of 0.3%.
The prior month's increases was also revised higher, by three tenths of a percentage point to 0.9%.
Sales were even stronger when those of automobiles and parts, as well as at gasoline stations were excluded, growing by 1.0%.
Non-store retailers saw especially strong demand, with sales up by 2.7% versus February, while those at gasoline stations rose by 2.1%.
Automobiles and parts dealers on the other hand saw sales drop by 0.7% and those of clothing and sporting goods experienced declines of 1.6% and 1.8%, respectively.
-- More to follow --
Email this article to a friend
or share it with one of these popular networks:
Currency | US Dollars |
Share Price | $ 60.24 |
Change Today | $ 0.00 |
% Change | 0.00 % |
52 Week High | $175.86 |
52 Week Low | $58.61 |
Volume | 11,226 |
Shares Issued | 8,077m |
Market Cap | $486,558m |
RiskGrade | 117 |
Strong Buy | 14 |
Buy | 19 |
Neutral | 5 |
Sell | 0 |
Strong Sell | 0 |
Total | 38 |
You are here: research