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Economy

Economic Data (USA)

Thursday, May 11, 2006

U.S. Retail & Food Services Sales Report for April, 2006

The Commerce Department this morning released advanced estimates of U.S. Retail and Food Services Sales for April, 2006:

Consensus: +0.7%
Actual: +0.5%

Minus Auto Sales
Consensus: +0.8%
Actual : +0.7%


The above percentages represent the month-to-month change in total sales receipts for retailers that sell both durable and non-durable goods.

The "consensus" is what economists were expecting, while the "actual" is the actual or real figure.

Here's a snippet from today's Commerce Department report:

"The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for April, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $362.7 billion, an increase of 0.5 percent (±0.7%)* from the previous month and up 6.6 percent (±0.8%) from April 2005. Total sales for the February through April 2006 period were up 7.3 percent (±0.3%) from the same period a year ago. The February to March 2006 percent change was unrevised from 0.6 percent (±0.2%).

Retail trade sales were up 0.5 percent (±0.7%)* from March and were 6.6 percent (±0.8%) above last year. Gasoline stations were up 17.4 percent (±2.1%) from April 2005 and sales of nonstore retailers were up 13.3 percent (±4.3%) from last year."
Click here to view the full report.


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