April Retail Sales Momentum Slows

Today, the United States Census Bureau released estimated retail sales for April, adjusted for seasonal variation and holiday and trading-day differences, of $434.6 billion, an increase of 0.1% from the previous month and 4% from April a year ago. The Commerce Department division noted that total sales for the February 2014 through April 2014 period increased 3.3% from the same period a year ago.

The Census Bureau also announced that it revised its February 2014 to March 2014 sales growth figure from 1.2% to 1.5%.

Retail trade sales gained 0.2% from March 2014 and 4.2% from the month last year. Auto and other motor vehicle dealer sales advanced 10.5% from April 2013, and nonstore retailer revenues increased 6.5% from the period a year earlier.

Furniture and Home Furnishing Store sales increased to $8.27 billion in April from $7.99 billion in the 2013 month. Sales in General Merchandise Stores, including discounters and department stores, reached $55.44 billion, up from $53.91 billion in the year-prior April. Sales at Health & Personal Care Stores, including drug chains, came in at $24.37 billion for April 2014 versus $23.04 billion in the year-earlier month. And sales at Electronics & Appliance Stores were $8.68 billion down from $8.81 billion in April 2013.