Market Updates
April Retail Sales Extend 2022 Advance
Brian Turner
17 May, 2022
New York City
The advance estimate of retail and food services sales adjusted for seasonal factors but not adjusted for price increased 0.9% in April from the previous month and jumped 8.2% from April 2021.
Retail and food services sales in April were $677.7 billion.
The March retail sales were revised higher to 0.7% from the previous month and to 1.4% from a year ago.
April retail trade sales increased 0.7% from March and increased 6.7% from a year ago.
Gasoline sales jumped 36.9% from a year ago and food services and drinking places sales increased 19.8% from a year ago.
Gasoline sales decreased 2.7% from March after the fuel cost eased and food services and drinking places sales increased 2% in the period.
Grocery store sales declined 0.1% in April from the previous month but rose 8.1% from a year ago.
Retail sales increased for the fourth month in a row and the reported data are not adjusted for price increases.
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