US March Retail Sales Increase by 1.4% MoM, Slightly Exceeding Expectations

Son Min

Summary

It was reported that US March retail sales increased by 1.4% compared to the previous month, slightly exceeding Wall Street's expectation of 1.3%.
Core retail sales also increased by 0.5%, surpassing the market expectation of 0.4%.
This indicates that retail sales can be an important indicator for measuring consumer sentiment, which can be a significant signal for investors.

It was found that the US retail sales in March increased by 1.4% compared to the previous month.

According to the data released by the US Department of Commerce on the 16th (local time), US retail sales in March increased by 1.4% compared to the previous month. Wall Street experts had expected a 1.3% increase.

Core retail sales, excluding food and energy, increased by 0.5%, exceeding the market expectation of 0.4%.

The monthly retail sales indicator is a statistic that aggregates product sales performance and can indicate changes in consumption and sentiment. A decrease in retail sales suggests that consumer sentiment is freezing due to high interest rates, high prices, and worsening inflation.