Retail sales in the US rose 0.7% month-over-month in March 2024, following an upwardly revised 0.9% gain in February and much higher than forecasts of 0.3%, suggesting consumer spending remains robust. Eight out of 13 categories posted increases. Major increases were seen in sales at nonstore retailers (2.7%), gasoline stations (2.1%), miscellaneous store retailers (2.1%), and building materials and garden equipment (0.7%). Gains were also recorded at food and beverages stores (0.5%), health and personal care stores (0.4%) and food services and drinking places (0.4%). On the other hand, sales were down for sporting goods, hobby, musical instrument, & book stores (-1.8%), clothing (-1.6%), electronics and appliances (-1.2%), general merchandise stores (-1.1%), autos (-0.9%) and furniture (-0.3%). Excluding food services, auto dealers, building materials stores and gasoline stations, the so-called core retail sales which are used to calculate GDP, jumped 1.1%. source: U.S. Census Bureau
Retail Sales in the United States increased 0.70 percent in March of 2024 over the previous month. Retail Sales MoM in the United States averaged 0.40 percent from 1992 until 2024, reaching an all time high of 19.00 percent in May of 2020 and a record low of -14.60 percent in April of 2020. This page provides - U.S. December Retail Sales Increased More Than Forecast - actual values, historical data, forecast, chart, statistics, economic calendar and news. U.S. Retail Sales - data, historical chart, forecasts and calendar of releases - was last updated on April of 2024.
Retail Sales in the United States increased 0.70 percent in March of 2024 over the previous month. Retail Sales MoM in the United States is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the U.S. Retail Sales is projected to trend around 0.50 percent in 2025 and 0.40 percent in 2026, according to our econometric models.