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From Home Furnishing Business

Retail Sales Bounce Back

U.S. retail sales increased 0.9 percent last month, posting the largest gain since last March and ending three months of declines, according to the Commerce Department.

February sales were revised to a 0.5 percent drop from the previously reported 0.6 percent slide.

Retail sales excluding automobiles, gasoline, building materials and food services climbed 0.3 percent. Sales at furniture stores climbed 1.4 percent from February and 3.8 percent when compared to March 2014.

Sales at electronics and appliance stores fell 0.5 percent.

 







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Bill Napier    6 years ago

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There is more to this number than explained. maybe it should read:

Retail Sales Miss For 4th Month In A Row: First Time Since Lehman

After 3 months of missed expectations and the first consecutive drop in retail sales since Lehman, retail sales rose 0.9% in March (missing expectations of +1.1%), following a revised 0.5% drop in February. While the 0.9% rise is the biggest since March last year, this is now the worst streak of missed expectations in retail sales since 2008/9. Ex-Autos, retail sales also missed expectations (rising just 0.4% vs 0.7% exp).

When examined, this is not a good sign, in my opinion. More here:

http://www.zerohedge.com/news/2015-04-14/retail-sales-misses-4th-month-row-first-time-lehman
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