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News & Current Events Discuss U.S. retail sales fall for second straight month on weak automobiles at the General Forum; Hey Hairy, Spin this. I know it must be because Obama but tell me how. WASHINGTON, (Reuters) - U.S. retail ...

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Old 04-14-2017, 08:25 AM
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Default U.S. retail sales fall for second straight month on weak automobiles

Hey Hairy, Spin this. I know it must be because Obama but tell me how.

WASHINGTON, (Reuters) - U.S. retail sales fell for a second straight month in March amid softening demand for automobiles, suggesting economic growth slowed abruptly in the first quarter.

The Commerce Department said on Friday retail sales dropped 0.2 percent last month. February's retail sales were revised

down to show a 0.3 percent decrease instead of the previously reported 0.1 percent gain.

February's drop was the first and biggest in nearly a year.

Economists polled by Reuters had forecast retail sales slipping 0.1 percent last month. Compared to March last year retail sales increased 5.2 percent.

Excluding automobiles, gasoline, building materials and food services, retail sales rebounded 0.5 percent after a downwardly revised 0.2 percent decline in February.

These so-called core retail sales, which correspond most closely with the consumer spending component of gross domestic

product, were previously reported to have edged up 0.1 percent in February.

Despite last month's increase in core retail sales, consumer spending likely braked sharply in the first quarter after

growing at a brisk 3.5 percent annualized rate in the final three months of 2016. The apparent slowdown in consumption is

partly blamed on the late disbursement of income tax refunds by the government as it sought to combat fraud.

The Atlanta Federal Reserve is forecasting GDP rising at a 0.6 percent rate in the first quarter. This would be the weakest performance in three years and follows a 2.1 percent growth pace in the fourth quarter.

With job growth averaging 178,000 per month in the first quarter, the anticipated slowdown in GDP likely understates the

health of the economy. In addition, first-quarter GDP tends to be weaker because of calculation problems that the government has acknowledged and is working to resolve.

In March, motor vehicle sales fell 1.2 percent, decreasing for a third straight month. Receipts at service stations dropped 1.0 percent, reflecting lower gasoline prices.

Sales at building material stores fell 1.5 percent, likely as bad weather halted work at construction sites. There were,

however, areas of strength in March's retail sales report.

Sales at electronics and appliances stores surged 2.6 percent, the largest increase since June 2015. Receipts at

clothing stores climbed 1.0 percent, the biggest advance since February 2016. Retailers have been hurt by declining mall

traffic and increased competition from online retailers, led by Amazon.com.

That has forced retailers like J.C. Penney Co Inc, Abercrombie & Fitch and Macy's Inc to scale back on brick-and-mortar operations.

Sales at online retailers increased 0.6 percent last month. Receipts at restaurants and bars fell 0.6 percent and sales at sporting goods and hobby stores declined 0.8 percent.

U.S. retail sales fall for second straight month on weak automobiles - Business Insider
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Old 04-14-2017, 10:02 AM
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Default Re: U.S. retail sales fall for second straight month on weak automobiles

Well, if Trump doesn't turn it around he will not be reelected. So why do you think these numbers are where they are Mikey?
Trump and the Republicans?
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Old 10-21-2017, 08:55 PM
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Default Re: U.S. retail sales fall for second straight month on weak automobiles

Even the most Bush-happy, flag suckling jack-arse knows deep-down inside that something is wrong. America is over and everyone knows it. The New World Order has a dying empire odor and changing the channel ain't going to make this go away.
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Old 10-25-2017, 04:18 PM
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Default Re: U.S. retail sales fall for second straight month on weak automobiles

Quote:
Originally Posted by liberty View Post
Even the most Bush-happy, flag suckling jack-arse knows deep-down inside that something is wrong. America is over and everyone knows it. The New World Order has a dying empire odor and changing the channel ain't going to make this go away.
I don't believe that!
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Old 10-27-2017, 06:05 AM
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Default Re: U.S. retail sales fall for second straight month on weak automobiles

You doubt that your great country is on the wane? I say only this - look around you.
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Old 10-27-2017, 10:09 AM
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Default Re: U.S. retail sales fall for second straight month on weak automobiles

Quote:
Originally Posted by ny1977 View Post
You doubt that your great country is on the wane? I say only this - look around you.
This country being "Over" and "On the Wane" are two different things.

I think we just have some problems to work out, and we will!
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Old 10-27-2017, 10:59 AM
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Default Re: U.S. retail sales fall for second straight month on weak automobiles

What the article refers to as 'core sales' seemed to be doing OK. So people slowed down on the large ticket purchases.

We're into the 4th QTR, so here's newer data for the 2nd QTR.

Quote:
$111.5 billion, an increase of
4.8 percent (0.9%) from the first quarter of 2017. Total retail sales for the second quarter of 2017 were estimated at
$1,256.2 billion, an increase of 0.5 percent (0.4%) from the first quarter of 2017.
https://www.census.gov/retail/mrts/w...ec_current.pdf
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Old 10-27-2017, 11:09 AM
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Default Re: U.S. retail sales fall for second straight month on weak automobiles

Quote:
Originally Posted by Dog Man View Post
I don't believe that!
I don't even know what that means.
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Old 10-27-2017, 11:35 AM
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Default Re: U.S. retail sales fall for second straight month on weak automobiles

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Originally Posted by jimbo View Post
I don't even know what that means.
I don't understand his post either. Except for the "America is over" statement. Maybe he is Muslim.
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Old 10-27-2017, 11:37 AM
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Default Re: U.S. retail sales fall for second straight month on weak automobiles

Quote:
Originally Posted by GottaGo View Post
What the article refers to as 'core sales' seemed to be doing OK. So people slowed down on the large ticket purchases.

We're into the 4th QTR, so here's newer data for the 2nd QTR.



https://www.census.gov/retail/mrts/w...ec_current.pdf
Looks to me like we are doing better than last year.
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