Top Nav

April Retail Sales By the Numbers

The April retail sales numbers are out, and the results aren’t much different from March.

The $419.2 billion U.S. retailers sold is last month is just a tick higher than the previous month. However, it’s a $15 billion improvement from the $404.27 billion in retail sales last April – a 3.7% increase.

Here are some other key numbers from the April retail sales report:

  • Gas station spending hit its lowest level in nine months, a reflection of lower gas prices. Average U.S. gas prices dipped to $3.48 a gallon late last month – the cheapest it’s been early February. That could change this month as oil prices have risen 11% since mid-April.
  • Automobile sales continue to rise. Sales of cars and car parts increased 1% from March and 7.7% from last April – another sign of the improving health of the U.S. auto industry just four years removed for the federal auto bailout.
  • Spending at grocery stores declined, hitting its lowest level since January.

Though the April retail sales gains were modest (+0.1%), they were better than the 0.3% decline that was expected. That did little to propel markets forward today – the Dow was down 0.2%, while the S&P 500 was basically flat. However, with stocks already near record highs, only a vastly improved retail sales report would have likely triggered another big jump.

For now, the status quo is a welcome one on Wall Street.

Strike Price Offer

The Strike Price is your leading resource for insight into the world of options trading. Chief options analyst Andy Crowder will guide you through the best options strategies—telling you exactly where he's putting his money, and how you can make safe, reliable gains from some simple options trades. Your FREE subscription also includes Andy’s report "The One Vital Rule for Every Options Trade"—which reveals the #1 rule to achieve a high win-rate in every options trade.
You've successfully subscribed, click the link in your email to confirm your subscription.
There was an error, and you have not been subscribed, please try again.