Retail Sales Increase In March

Retail sales excluding autos rose .1% in April vs. March.  Apparel sales increased 5.5%  and the release of Grand Theft Auto (over $500 million in sales) boosted a soft electronics sector.  It will be interesting to see how May plays out as Tax Rebates started hitting bank accounts earlier this month.  Any increase is not a decrease, which should provide positive news, but no doubt they’ll report the number less gasoline and autos.

http://www.reuters.com/article/businessNews/idUSN0951007820080512?feedType=RSS&feedName=businessNews

Tags: economic news, Positive Economic News, retail sales, retail sales results April