Retail Sales Gain in April
May 13, 2013,
WASHINGTON-U.S. retail sales totaled $419 billion in April, up 0.1 percent from March and 3.7 percent from April 2012, according to this morning's monthly retail sales report from the U.S. Census Bureau.
Looking at the retail channels that sell home furnishings, sales at furniture and home furnishings stores were flat compared to March and rose 3.9 percent over last year's April. General merchandise stores registered a 1 percent gain month over month, but declined 0.7 percent from last year. Department-store sales (excluding leased departments) were up 0.3 percent from March but down 3.6 percent from April of last year.
Jack Kleinhenz, NRF's chief economist, added that the association is predicting moderate retail sales growth for the year as a whole. Noting that today's Census Bureau report is "encouraging news," Kleinhenz cautioned that "retail sales and consumer spending in April may not necessarily translate into a stronger or healthier second quarter."