• Home
  • About Us
  • Privacy
  • Site Map

Ancient-Origine

  • Economy
  • Culture&Arts
  • Technology
  • Sci-tech
  • Sports
  • Global Media
  • Medicine
  • USA

Retail Sales Rose in March As Consumers Spent on Cars, Appliances

  • by Shawn Tate
  • in Economy
  • — Apr 16, 2018
Share:

The increase followed a 0.1 percent drop in February, which was the third of three consecutive months of decline.

Much of the monthly gain was driven by auto sales, which were up a full 2 percent in March, the largest monthly gain for any sector. Sales also dropped at gasoline stations, but rose modest on a year-on-year basis by 10 percent. Last month's figures suggest Americans are returning to more free-spending ways. Economists predict that healthy consumer confidence, steady job gains and the impact of tax cuts will fuel solid spending growth in the months ahead. Many had expected a stronger bounce-back.

Total sales for the January 2018 through March 2018 period were up 4.1% from the same period a year ago.

NRF reported a 0.3% annual gain on a seasonally-adjusted basis from February to March, with annual retail sales in March up 5%.

"In short, a solid gain, but if anything a bit weaker in the key details than generally expected", said Jim O'Sullivan, chief USA economist at High Frequency Economics. The numbers for March suggest consumers are once again willing to spend that to a mixture of good economic news and the impact of the tax cuts passed late a year ago.

Furniture and home furnishings stores were up 4.1 percent year-over-year and up 0.7 percent from February, seasonally adjusted. Sales at health and personal-care stores rose 1.4 percent and auto sales rose 2 percent, the most since September.

But they fell at home and garden stores, clothing shops and sporting goods stores. The rise was mainly driven by a 2 percent growth in motor vehicle & parts dealers; however gains were comparatively broad based throughout categories.

Non-store retailers like Amazon continued to gain, rising 0.8 per cent for the month, putting them up almost 10 per cent over March of previous year. But most expect it will rebound in the second quarter and top 3 percent.

Share:

IN CASE YOU MISSED IT

  • I don't care about the rest - Salah eyes Champions League
  • Sensex falls almost 300 points; Infosys tanks 4%
  • Kingdom Hearts 3 Mini-Games Revealed, Throwback to Classic 80s LCD Games
  • YOU MAY ALSO LIKE...

    • Chris Johnson's Forecast | Rain chances and cooler temperatures on the way 4/22/2018
    • Tracking the EPS & Revenue for General Motors Company (NYSE: GM) 4/22/2018
    • Nurse & Firefighter Tried To Save Woman Sucked Out Airplane Window 4/22/2018
    • Amazon.com (AMZN) Upgraded to "Strong-Buy" at Zacks Investment Research 4/22/2018
    • Assura (LON:AGR) Rating Reiterated by Peel Hunt 4/22/2018
    • FAA Orders Emergency Engine Inspections After Deadly Southwest Accident 4/22/2018
    • Comcast Corporation (NASDAQ:CMCSA) 4/22/2018
    • International Business Machines Corporation (IBM) Stock Formed H&S. What To Expect? 4/22/2018
    • Determine the Stock Price of: Range Resources Corporation (NYSE:RRC) 4/22/2018
    • GE shares rise despite Q1 loss 4/22/2018

RELATED NEWS

The Weeknd and Bella Hadid Spotted Kissing at Coachella Party
The Weekend performed at the festival and cried while singing his Selena Gomez song " call out my name ". Bella and The Weeknd dated for over two years before splitting in November 2016.
4/16/2018

Syria air strikes: United Kingdom confident of successful mission, says PM
The Labour leader added that weapons inspectors were on their way to verify the use of chemical weapons by the Assad regime. Moscow's ambassador to Washington Anatoly Antonov warned that such actions will not be left without consequences.
4/16/2018

Classic SEGA games are coming to the Switch
Some of the popular games that will be included in the mix are Sonic the Hedgehog , Alex Kidd in Miracle World and Phantasy Star . Sega Ages was a series of retro compilations released on the Sega Saturn back in mid-90s .
4/16/2018

Weibo, China's Twitter, Backtracks on Censorship of Gay Content After Online Outcry
She wrote that " Sina Weibo has discriminated against a minority group by associating gay people with pornography and violence". The move sparked so much public backlash that Sina Weibo reversed its decision Monday, according to a statement posted online.
4/16/2018

This Rally-Inspired Electric Supercar Is Faster Than The Tesla Roadster
In related news, VP John Douglas Field sold 1,000 shares of the business's stock in a transaction dated Tuesday, January 10th. Independent Advisor Alliance bought a new stake in Tesla during the fourth quarter valued at approximately $102,000.
4/16/2018

We Now Know Who Actually Bought Stuff From Russell Crowe's Divorce Auction
Note: Video contains explicit language not suitable for younger audiences . Of the four remaining Blockbuster stores, three are in Alaska.
4/16/2018

Veteran Linebacker James Harrison Announces Retirement
Whether you still look at Harrison as a bigger villain than Le'Veon Bell, you have to acknowledge his time in Pittsburgh. Harrison previously announced his retirement four years ago, only to reverse that decision.
4/16/2018

ZTE pose a threat to United Kingdom national security warns the NCSC
A few years back, both Huawei and ZTE came under scrutiny after the U.S government raised concerns over the national security. Oclaro Inc (NASDAQ: OCLR ) saw its stock fall by more than 15 percent as ZTE accounted for 18 percent of its 2017 revenue.
4/16/2018

Acquitting all in Mecca Masjid blast case, judge resigns post-verdict
The chargesheet also mentioned that Aseemanand made a confessional statement before a metropolitan magistrate in Delhi . The firebrand MP alleged that the Modi government did not even appeal against the bail given to the accused earlier.
4/16/2018

Champions Man City closing on a whole host of Prem records
Only Sir Alex Ferguson and Jose Mourinho have managed to do that so far and in recent years follow ups have proved very hard . As for City, it has a month to finish a season with the most points, goals and wins in a single Premier League campaign.
4/16/2018

122nd annual Boston Marathon kicked off Monday morning
Yuki Kawauchi of Japan came in first place in the men's elite division, overtaking Geoffrey Kirui of Kenya in the final miles. This is McFadden's fifth Boston Marathon title after she won four consecutive races from 2013 to 2016.
4/16/2018

Blocking of Telegram messenger service in Russian Federation to take several hours
Roskomnadzor intends to take measures to lock tools to use is prohibited on the territory of the Russian Telegram messenger. Telegram had refused a request by Russia's Federal Security Service (FSB) to give them access to users' encrypted messages.
4/16/2018

Batshuayi's World Cup participation in doubt
Borussia Dortmund manager Peter Stoger fears Michy Batshuayi could face a "long time" on the sidelines. For Belgium, who are in England's World Cup group, Batshuayi appeared in half of his side's qualifiers.
4/16/2018

Ministers' children get Congress ticket
The list has 15 women candidates, five more than what the party had fielded in the previous Assembly elections . Candidates have not yet been announced for Sindagi, Nagathana, Kittur, Raichur, and Shantinagar segments.
4/16/2018

Mourinho Blames Man United's Players For West Brom Defeat
"Congratulations to Manchester City on their Premier League title win", they wrote on their official Twitter account. We are a team that in the last three matches [against] Chelsea , Liverpool and Manchester City, has won all of them.
4/16/2018

    • Top picks

      • At $26.82 Healthcare Realty Trust Incorporated (HR) Forms Double Bottom Chart Pattern4/21/2018
      • US, European aviation authorities order inspections after fatal Southwest engine failure4/21/2018
      • Rain in parts of Mid-Missouri this weekend4/21/2018
      • Union cabinet approves ordinance for death penalty for rape of children4/21/2018
    • Weekly News

      • Audi offices raided over dieselgate row4/21/2018
      • United Continental Holdings, Inc. (UAL)4/21/2018
      • Porsche engine boss arrested on suspicion of diesel emission manipulation4/21/2018
      • Swedish musician Avicii dies at 284/21/2018
    • Latest News

      • Delta Air Lines Inc (NYSE:DAL) Sellers Reduced Their Shorts By 1.85%4/22/2018
      • Lockheed Martin Corp (LMT) Stake Maintained by State Street Corp4/22/2018
      • AT Bancorp Has $1162000 Holding in Magellan Midstream Partners, LP (MMP)4/22/2018
      • PM Modi discusses bilateral cooperation with German Chancellor Angela Merkel4/21/2018
    • Home
    • About Us
    • Privacy
    • Site Map

    Sunday 22 April 2018

    © 2018 Ancient-Origine. ALL RIGHTS RESERVED.