US ‘Green Shoots’ Die As Retail Spend Contracts On Auto Sales Slump

Fight Censorship, Share This Post!

Following March’s big surprise improvement, US retail sales growth was expected to slow in April but in fact it collapsed, falling 0.2% MoM in April after rising 1.7% in March

  • Retail Sales -0.2%, Exp. 0.2%, Last 1.7%

  • Retail Sales ex auto 0.1%, Exp. 0.7%, Last 1.3%

Year-over-year, both headline and core retail sales slowed in April…

Under the covers…

The weakness was dominated by a collapse in auto sales (and electronics and building materials also fell)…

And even non-store retailers (internet) saw a contraction in sales…

Retail sales ‘Control Group’ which tends to be used for GDP forecasts, slowed from +1.0% MoM in March to unchanged in April.

While Q1 GDP headlines looked solid, the consumption signals were weak and April retail sales suggests Q2 is not off to a good start.


This post has been republished with implied permission from a publicly-available RSS feed found on Zero Hedge. The views expressed by the original author(s) do not necessarily reflect the opinions or views of The Libertarian Hub, its owners or administrators. Any images included in the original article belong to and are the sole responsibility of the original author/website. The Libertarian Hub makes no claims of ownership of any imported photos/images and shall not be held liable for any unintended copyright infringement. Submit a DCMA takedown request.


Fight Censorship, Share This Post!

Read the original article.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.