Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
U.S. retail sales in March rose 9.8%, the quickest sales pace since May, anticipated by the latest MNI Reality Check and nearly double the 5.8% increase financial markets had anticipated. February's 3% decline was revised up to -2.7%.
Sales at motor vehicle and parts dealers were up 15.1% after falling 3.5% in February, and gas station sales rose 10.9% following a weaker 3.8% gain. Excluding motor vehicle sales, retail sales were up 8.4% in March. Excluding motor vehicle and gas station sales, retail sales were up 8.2%.
Clothing and clothing accessories store sales rose 23.5% through the month, recovering from a 5.5% decline in February. Other notable gains came from sales at sporting goods stores (+18.3%), food services and drinking places (+13.4%), building materials stores (+12.1%), and electronics and appliance stores (+10.5%).
US Retail Sales m/m (March)
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.