Market news
18.04.2019, 12:47

U.S. retail sales increase more than forecast in March

The Commerce Department announced on Thursday the sales at U.S. retailers surged 1.6 percent m-o-m in March, following an unrevised 0.2 percent m-o-m drop in February, boosted by sales of motor vehicles and a range of other goods. That was the biggest increase in retail trade since September 2017.

Economists had expected total sales would increase 0.9 percent m-o-m in March.

Excluding auto, retail sales increased 1.2 percent m-o-m in March after a revised 0.2 percent m-o-m drop in the previous month (originally a decline of 0.4 percent m-o-m), exciding economists’ forecast for a 0.7 percent m-o-m advance.

Meanwhile, closely watched core retail sales, which exclude automobiles, gasoline, building materials and food services, and are used in GDP calculations, rose 1.0 percent m-o-m in March after a downwardly revised 0.3 percent m-o-m decline in February (originally a 0.2 percent m-o-m decrease).

In y-o-y terms, the U.S. retail sales climbed 3.6 percent in March, accelerating from 2.2 percent the previous month.

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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 pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location