Retail Sales Rebound


By Donald Applegarth

With the end of March, retail sales statistics from the year’s first quarter have been released. According to our friends at The Private Bank, Retail sales rose .9% in March, the first gain in four months. While the pickup in purchases was the biggest in a year, the gain fell short of the 1.1% consensus. Demand increased in 9 of the 13 major retail categories, led by a 2.7% jump in auto sales. Retail sales excluding autos rose .4% after being little-changed in February. Furniture stores, building materials outlets, general merchandise stores, and restaurants were also among the categories showing rebounds in demand last month after poor weather hurt sales in the prior month.

It should be interesting to gauge the impact of the warmer weather this Spring on retail sales in the second quarter.

Source: The Private Bank

You’ve heard our thoughts… We’d like to hear yours

The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. While we enjoy sharing our ideas and insights, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at contactSD@schneiderdowns.com.

Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.

© 2019 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.