March Advance Retail Sales Beat Expectations [Dow Jones Industrial Average, SPDR S&P Retail (ETF)]

retail etfDoug Short:  The Advance Retail Sales Report released this morning shows that sales in March rose 1.1% month-over-month, up from 0.7% in February, which was upwardly revised from 0.3%. Core Retail Sales (ex Autos) was up 0.7% in March following an unrevised 0.3% in February.

Today’s headline and core numbers came above the Investing.com forecasts, which were 0.8% for Headline and 0.5% for Core.

The first chart below is a log-scale snapshot of retail sales since the early 1990s. I’ve included an inset to show the trend in this indicator over the past several months.

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Here is the Core version, which excludes autos.

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Here is a year-over-year snapshot of overall series.

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