The U.S. Census Bureau announced today that U.S. retail and food services sales figures for April 2008. Seasonally adjusted, retail sales were down 0.19% from last month (economists had expected a 0.3% drop) and were up 2.0% from a year prior. Adjusted for inflation, retail sales were down 1.47% from a year ago.
Taking out auto sales, retail sales were up 0.45% from last month (economists had expected a 0.1% gain) and up 4.49% from a year prior. Adjusted for inflation, retail sales excluding autos were up 0.90% from the previous year. Year over Year, retail sales would have been 0.7% less if not for new seasonal adjustments that were made back to January 2002.Compared to a year ago, the biggest gainers are gasoline stations which is up 16.3% and Grocery Stores, up 6.1%. Auto sales has shown the biggest decline at 8.0%.
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