Retail sales uneven in March
April 17, 2017,
Washington – Sales at furniture and home furnishings stores slipped from February but rose on an annual basis.
March sales in the channel fell 0.3% month over month but increased 3.3% year-over-over, according to the National Retail Federation.
• Online and other non-store sales increased 0.6% over February and increased 11.4% unadjusted year-over-year.
• Sales at clothing and accessories stores increased 1% seasonally adjusted from February but decreased 2.5% unadjusted year-over-year.
• Sales at general merchandise stores increased 0.3% seasonally adjusted over February and remained even year-over-year.
• Electronics and appliances stores’ sales increased 2.6% seasonally adjusted over February but decreased 0.4% unadjusted year-over-year.
• Sales at building materials and supplies stores decreased 1.5% seasonally adjusted from February but increased 6.3% unadjusted year-over-year.
• Sporting goods stores’ sales decreased 0.8% seasonally adjusted from February and decreased 4.7% unadjusted year-over-year.
• Sales at health and personal care stores increased 0.1% seasonally adjusted over February and increased 5.3% unadjusted year-over-year.
“Various factors were at play in the first quarter, but we are again seeing a pattern similar to previous years — consumer spending was weak but is expected to pick up as we move through the year,” NRF chief economist Jack Kleinhenz said.
On a three-month moving average, retail sales have grown 2.8% year-over-year.
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