US: Retail sales rose 1.6% in March vs +0.9% expected
|The (advanced) data published by the U.S. Census Bureau showed that retail sales in March increased by 1.6% in the U.S. to beat the market expectation of 0.9%.
Key takeaways from the press release
- Advance estimates of U.S. retail and food services sales for March 2019, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $514.1 billion, an increase of 1.6 percent from the previous month, and 3.6 percent above March 2018.
- Total sales for the January 2019 through March 2019 period were up 2.9 percent.
- Retail trade sales were up 1.7 percent from February 2019, and 3.5 percent above last year.
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