13:30 - Dados States
8:30am 04/13/05 U.S. MARCH AUTO SALES UP 0.7%
8:30am 04/13/05 U.S. MARCH GASOLINE SALES UP 2.1%
8:30am 04/13/05 U.S. MARCH GEN. MERCHANDISE STORE SALES FALL 0.7%
8:30am 04/13/05 U.S. FEB. RETAIL SALES REVISED UP TO 0.5% VS. 0.4%
8:30am 04/13/05 U.S. MARCH RETAIL SALES EX-AUTOS, EX-GAS DOWN 0.1%
8:30am 04/13/05 U.S. MARCH SALES EX-AUTOS UP 0.1% VS. 0.5% EXPECTED
8:30am 04/13/05 U.S. MARCH RETAIL SALES UP 0.3% VS. 0.7% EXPECTED
ECONOMIC REPORT: U.S. March retail sales rise 0.3%; Sales excluding autos, gas fall for 1st time in a year
By Rex Nutting, MarketWatch
Last Update: 8:32 AM ET April 13, 2005
WASHINGTON (MarketWatch) - U.S. retail sales increased a seasonally adjusted 0.3% in March, boosted by sales of autos and gasoline, the Commerce Department said Wednesday.
Excluding the 0.7% gain in auto sales, retail sales advanced just 0.1%, the slowest gain in a year. Sales at the malls were weak.
Excluding both autos and the 2.1% increase in gas sales, sales fell 0.1%, the first decline in a year.
Economists were expecting stronger sales of about 0.7% for total sales and 0.6% for sales excluding autos, according to a survey conducted by MarketWatch. The data are adjusted for holidays and other seasonal factors, but not for price changes.
Sales in February were revised slightly higher, showing a 0.5% gain instead of the 0.4% increase previously reported. January sales were revised down by a tenth of a percentage point.
The report shows higher gasoline prices could be cutting into consumers' disposable incomes for other goods and services.
Economists say the high price of gasoline could reduce real consumer spending by a full percentage point this spring and summer, slowing the economy but not threatening a recession.
Gasoline prices have continued to rise in April, reaching record levels of more than $2.30 a gallon on average.
Reports from automakers earlier had indicated robust unit sales in March after some sales promotions were restored. Government data, which count dollar volume, not unit sales, agreed. Auto sales increased 0.7% in March, the best sales in three months.
Chain stores also reported healthy sales year-over-year, but the government data are seasonally adjusted month-over-month, meaning all those Easter sales that came early this year were essentially discounted.
The government data reported Wednesday showed sales at general merchandise stores fell 0.7%, the biggest decline in a year. Department store sales fell 2%.
Sales at clothing stores dropped 1.9%. Sales of leisure-time goods like books and sporting goods increased 0.8%.
Sales of durable goods were mixed. While sales at building supply and gardening stores increased 1.5%, sales at furniture stores sank 0.6% and sales at electronics and appliance stores dropped 0.3%.
Sales at food stores were flat. Sales at restaurants and bars fell 0.7%.
Sales at health and personal care stores increased 0.1%.
Sales at nonstore retailers, such as catalog and online outlets, increased 1.2%.
8:30am 04/13/05 U.S. MARCH GASOLINE SALES UP 2.1%
8:30am 04/13/05 U.S. MARCH GEN. MERCHANDISE STORE SALES FALL 0.7%
8:30am 04/13/05 U.S. FEB. RETAIL SALES REVISED UP TO 0.5% VS. 0.4%
8:30am 04/13/05 U.S. MARCH RETAIL SALES EX-AUTOS, EX-GAS DOWN 0.1%
8:30am 04/13/05 U.S. MARCH SALES EX-AUTOS UP 0.1% VS. 0.5% EXPECTED
8:30am 04/13/05 U.S. MARCH RETAIL SALES UP 0.3% VS. 0.7% EXPECTED
ECONOMIC REPORT: U.S. March retail sales rise 0.3%; Sales excluding autos, gas fall for 1st time in a year
By Rex Nutting, MarketWatch
Last Update: 8:32 AM ET April 13, 2005
WASHINGTON (MarketWatch) - U.S. retail sales increased a seasonally adjusted 0.3% in March, boosted by sales of autos and gasoline, the Commerce Department said Wednesday.
Excluding the 0.7% gain in auto sales, retail sales advanced just 0.1%, the slowest gain in a year. Sales at the malls were weak.
Excluding both autos and the 2.1% increase in gas sales, sales fell 0.1%, the first decline in a year.
Economists were expecting stronger sales of about 0.7% for total sales and 0.6% for sales excluding autos, according to a survey conducted by MarketWatch. The data are adjusted for holidays and other seasonal factors, but not for price changes.
Sales in February were revised slightly higher, showing a 0.5% gain instead of the 0.4% increase previously reported. January sales were revised down by a tenth of a percentage point.
The report shows higher gasoline prices could be cutting into consumers' disposable incomes for other goods and services.
Economists say the high price of gasoline could reduce real consumer spending by a full percentage point this spring and summer, slowing the economy but not threatening a recession.
Gasoline prices have continued to rise in April, reaching record levels of more than $2.30 a gallon on average.
Reports from automakers earlier had indicated robust unit sales in March after some sales promotions were restored. Government data, which count dollar volume, not unit sales, agreed. Auto sales increased 0.7% in March, the best sales in three months.
Chain stores also reported healthy sales year-over-year, but the government data are seasonally adjusted month-over-month, meaning all those Easter sales that came early this year were essentially discounted.
The government data reported Wednesday showed sales at general merchandise stores fell 0.7%, the biggest decline in a year. Department store sales fell 2%.
Sales at clothing stores dropped 1.9%. Sales of leisure-time goods like books and sporting goods increased 0.8%.
Sales of durable goods were mixed. While sales at building supply and gardening stores increased 1.5%, sales at furniture stores sank 0.6% and sales at electronics and appliance stores dropped 0.3%.
Sales at food stores were flat. Sales at restaurants and bars fell 0.7%.
Sales at health and personal care stores increased 0.1%.
Sales at nonstore retailers, such as catalog and online outlets, increased 1.2%.