Easter Sees Retail Sales Slump in March

Retail Sales Down .4% in March

PRESS RELEASE

The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for March, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $418.3 billion, a decrease of 0.4 percent  (±0.5%)* from the previous month, but 2.8 percent (±0.7%) above March 2012.

Total sales for the January through March 2013 period were up 3.7 percent  (±0.5%) from the same period a year ago.  The January to February 2013 percent change was revised from +1.1 percent (±0.5%) to +1.0 percent (±0.2%).

Retail trade sales were down 0.6 percent (±0.5%) from February 2013, but 2.6 percent (±0.8%) above last year. Nonstore retailers were up 13.5 percent (±2.3%) from March 2012 and auto and other motor vehicle dealers were up 7.4 percent (±2.1%) from last year.

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