Retail Sales Up 0.1% Despite Cheaper Gasoline


Retail sales bumped up a seasonally adjusted 0.1% to $419 billion for April, according to a Commerce Department report (link opens in PDF) released today.

After falling a revised 0.5% for March, analysts had expected April sales to drop another 0.3%.

A 1% month-to-moth jump in auto sales contributed significantly to April's improvements, helping to offset a 4.7% drop in gasoline station sales driven primarily by cheaper pump prices. Analysts find it helpful to exclude volatile automobile and gasoline sales, and had expected a 0.4% gain outside these sales. But predictions proved too pessimistic again, with the new numbers clocking in up 0.6%.


Other major gainers for April include a 1.5% bump in building materials & garden equipment, a 1.4% increase in nonstore retail, and a 1.2% improvement in clothing sales. Food & beverage sales tapered off with a 0.8% decline.

In the last three months, overall sales have increased 3.7% above the same period for 2012.


The article Retail Sales Up 0.1% Despite Cheaper Gasoline originally appeared on

You can follow Justin Loiseau on Twitter, @TMFJLo, and on Motley Fool CAPS, @TMFJLo.Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Originally published