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US RETAIL SALES FED - TRADING & INVESTING - Martyn Lucas Investor @MartynLucas
Retail sales in the US increased 0.4% mom in April of 2023, rebounding from two consecutive months of declines, but well below market forecasts of a 0.8% increase. Sales at motor vehicles and part dealers were up 0.4% and other increases were seen in sales at building material & garden supplies dealers (0.5%); food services and drinking places (0.6%); health and personal care stores (0.9%); merchandise stores (0.9%); nonstore retailers (1.2%); and miscellaneous store retailers (2.4%). On the other hand, sales at gasoline stations unexpectedly declined 0.8%, despite a rise in the price of gasoline and sales at food and beverage stores went down 0.2%. Other decreases were also recorded for clothing (-0.3%); electronics (-0.5%); furniture (-0.7%); and sporting goods, hobby, musical and books (-3.3%). However, the so-called core retail sales which exclude automobiles, gasoline, building materials and food services, increased at a faster 0.7%, in a sign of sustained consumer demand.
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