U.S. Retail Sales Rose 0.5% In April
(For April 2011)
U.S. retail sales were reported up 0.5% in April vs. o.6% consensus. March reading was at +0.9% (revised from +0.4%). On year level retail sales are up 7.6%.
Most notable gainers: gasoline stations 2.7%, food & beverage stores 1.2%, nonstore retailers 1.0%.
Most notable losers: electronics & appliance stores -2.2%, sporting goods, hobby, book & music stores -1.2%, furniture & home furniture stores -1.1%.
Autos taken out, the figure was an increase of 0.6% vs. consensus of 0.6%. Prior reading was revised to +1.2% (up 0.8%). On year level retail sales less autos are up 6.9%.
Autos and gas station taken out, the retail sales rose 0.2%. Consensus was at 0.5%. Prior reading was at +0.7% (revised up 0.1%). On year level retail sales less autos and gas stations are up 4.7%.
