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Retail trade, March 2018
Retail sales increased for the third consecutive month in March, rising 0.6% to $50.2 billion. Higher sales at motor vehicle and parts dealers more than offset lower sales at food and beverage stores and gasoline stations. Sales were up in 6 of 11 subsectors, representing 53% of retail trade. Excluding sales at motor vehicle and parts dealers, retail sales were down 0.2% in March. After removing the effects of price changes, retail sales in volume terms increased 0.8%. Following a 2.0% increase in sales in February, motor vehicle and parts dealers (+3.0%) were again the largest contributor in dollar terms to the ... (full story)
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