consumer spending

Retail Sales Rev Their Engines With 1.3% Increase

April 2016 retail sales really popped up as auto sales roared.  Retail sales increased 1.3% for the month and auto dealers sales surged by 3.5%.  Without autos & parts sales, retail sales still had a great showing with a monthly 0.8% gain.  Gasoline station sales have also shot up as prices rose, a 2.2% increase for the month.

February Retail Sales Drop -0.1% On Plunging Gasoline Prices

The February 2016 Retail Sales report shows retail sales decreased -0.1% for the month as gasoline sales plunged by -4.4%.  Without autos & parts sales, retail sales still decreased by -0.1%.  Gasoline sales have dropped -15.6% from a year ago.  Declining gasoline sales are once again responsible for the disappointing figures, as without gas stations considered, retail sales increased by a modest 0.2%.

October Retail Sales A Lackluster 0.1% Increase

The October 2015 Retail Sales report shows retail sales increased 0.1% for the month as auto sales slid by -0.5%.  Without autos & parts sales, retail sales increased 0.2%.  Gasoline sales declined by -0.9%.  Gasoline sales have plunged by 20.1% from a year ago.  Declining gasoline sales are not responsible for such weak consumer demand, for without gas stations considered, retail sales only rose by 0.1%.

No Q2 Hope From Retail Sales

April Retail Sales has assuredly disappointed Wall Street and is just one report in a series indicating the U.S. economy has gone into standby mode.  Retail sales had no growth and even excluding gasoline sales only grew 0.1%.  Autos & parts dropped -0.4% for the month.  Without autos & parts sales, April retail sales increased 0.1%.  Gasoline sales declined by -0.7%.

March Retail Sales Increase 0.9% on Autos

The March 2015 Retail Sales report shows retail sales increased 0.9% for the month as auto sales had a major comeback increase of 2.8%.  Without autos & parts sales, March retail sales increased 0.4%.  Gasoline sales declined by -0.6%.  Building materials had a good month with a 2.1% sales increase.  Retail sales have now increased 1.3% from a year ago.

Consumer Spending a February Debbie Downer for Economic Growth

The February personal income and outlays report shows a -0.1% change in real consumer spending, which is not good news for economic growth.   Not adjusted for inflation consumer spending rose a scant 0.1%.  Real personal income isn't any better with no change for the month.

December Retail Sales Plunge on Cheap Gas

The December 2014 Retail Sales report shows retail sales declined -0.9% for the month.  As gasoline prices plunged, sales as gas stations dropped a whopping -6.5%.  Holiday sales on the other hand, were up 4.0%.  Retail sales have now increased 3.2% from a year ago.  December retail sales was not just about gas prices as most categories had monthly declines.

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