Recent History Of This Indicator:
Weakness for auto sales is expected to hold down retail sales to only a 0.1 percent gain in March. Otherwise, sales are expected to show solid strength, at plus 0.4 percent for March's ex-auto reading and plus 0.3 percent for ex-auto ex-gas. Growth for the core ex-auto ex-gas reading has been holding up well at a solid year-on-year trend of just over 4 percent vs roughly 3 percent for total sales. Price weakness for gasoline has held down sales at gasoline stations but a rebound, tied to the recovery in oil prices, is expected for March. This report will close out the first quarter for retail sales which in February and January, pulled down by weak vehicle sales, showed back-to-back declines.
Weakness for auto sales is expected to hold down retail sales to only a 0.1 percent gain in March. Otherwise, sales are expected to show solid strength, at plus 0.4 percent for March's ex-auto reading and plus 0.3 percent for ex-auto ex-gas. Growth for the core ex-auto ex-gas reading has been holding up well at a solid year-on-year trend of just over 4 percent vs roughly 3 percent for total sales. Price weakness for gasoline has held down sales at gasoline stations but a rebound, tied to the recovery in oil prices, is expected for March. This report will close out the first quarter for retail sales which in February and January, pulled down by weak vehicle sales, showed back-to-back declines.
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