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april 29


 

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Don't Blame March Retail Sales -0.4% Drop on Gas Prices

March 2013 Retail Sales decreased, by -0.4%.   This is the lowest monthly change in retail sales since June 2012.  Gasoline sales declined the most, -2.2% for the month.  If one removes gasoline sales from retail sales, overall the decrease from February would have been -0.2%, or half of the monthly decline.  Auto sales decreased -0.6% and minus all autos & parts but including gas sales, retail sales dropped -0.4% from last month.  This report should amplify Wall Street's worries people are so tapped out they have stopped spending and ruin their stock market run up.