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

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April 14, 2014 10:46am NYSE:XRT

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.

Click to View

Click for a larger image

Here is the Core version, which excludes autos.

Click to View

Click for a larger image

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

Click to View

Click for a larger image

Here is the year-over-year performance of at Core Retail Sales.

Click to View

Click for a larger image

Here is an overlay of Headline and Core Sales since 2000.

Click to View

Click for a larger image

After the March Consumer Price Index is released tomorrow, we’ll take a more detailed look at retail sales adjusted both for inflation and population growth.

Bottom Line: The Advance retail sales, both headline and core, came in better than expected in March, which is a hopeful sign that the winter slump was indeed weather related.

This article is brought to you courtesy of Doug Short from Advisor Perspectives.


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