Retail Gross sales Unchanged in April

by Calculated Danger on 5/14/2021 08:43:00 AM On a month-to-month foundation, retail gross sales have been unchanged from March to April (seasonally adjusted), and gross sales have been up 51.2 % from April 2020. From the Census Bureau report: Advance estimates of U.S. retail and meals companies gross sales for April 2021, adjusted for seasonal


by Calculated Danger on 5/14/2021 08:43:00 AM

On a month-to-month foundation, retail gross sales have been unchanged from March to April (seasonally adjusted), and gross sales have been up 51.2 % from April 2020.

From the Census Bureau report:

Advance estimates of U.S. retail and meals companies gross sales for April 2021, adjusted for seasonal variation and vacation and trading-day variations, however not for value adjustments, have been $619.9 billion, just about unchanged from the earlier month, and 51.2 % above April 2020. … The February 2021 to March 2021 % change was revised from up 9.7 % to up 10.7 %.
emphasis added

Click on on graph for bigger picture.

This graph reveals retail gross sales since 1992. That is month-to-month retail gross sales and meals service, seasonally adjusted (whole and ex-gasoline).

Retail gross sales ex-gasoline have been up 0.1% in April.

The stimulus checks boosted retail gross sales considerably in March and April.

The second graph reveals the year-over-year change in retail gross sales and meals service (ex-gasoline) since 1993.

Year-over-year change in Retail Sales Retail and Meals service gross sales, ex-gasoline, elevated by 49.5% on a YoY foundation.

Gross sales in April have been barely under expectations, nevertheless gross sales in March have been revised up (February was revised down).



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