From the Census Bureau report:
Advance estimates of U.S. retail and food services sales for April 2024, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $705.2 billion, virtually unchanged from the previous month, but up 3.0 percent above April 2023. ... The February 2024 to March 2024 percent change was revised from up 0.7 percent to up 0.6 percent (±0.1 percent).Click on graph for larger image.
emphasis added
This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline).
Retail sales ex-gasoline were down 0.2% in April.
The second graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993.
Retail and Food service sales, ex-gasoline, increased by 3.0% on a YoY basis.
The change in sales in April was below expectations, and, sales in February and March were revised down.
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