The release of US retails sales kicked off the week with very positive results

Jay Soloff

Argonath Financial

The release of US retails sales kicked off the week with very positive results. Sales jumped significantly in March by 1.1% over February. That's the highest monthly gain in over a year and yet another data point showing weather was leading culprit in the winter economic slowdown. The year-over-year change in retail sales turned positive as well, showing a 3.8% annual gain. If we were to strip out gasoline sales (down 1.3% in March) the numbers would look even better. Keep in mind, gasoline prices are volatile and really don't tell us that much about consumer spending habits. Besides gasoline, every other component of the retail sales index was positive in March besides Electronics & Appliances. Perhaps the US economy is finally on the verge of moving from moderate growth to a more robust pace. (VIEW LINK)


3 topics

Jay Soloff
Jay Soloff
Research Analyst
Argonath Financial

I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.