Consumer Spending Basket Changes In March, More on Gas, Less on Amazon – Mish Talk

Advance Retail Sales Additional Month-Over-Month Comparisons

Advance Retail Sales Details

• Advance estimates of U.S. retail and food services sales for March 2022, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $665.7 billion, an increase of 0.5 percent from the previous month, and 6.9 percent above March 2021.
• Total sales for the January 2022 through March 2022 period were up 12.9 percent from the same period a year ago.
• The January 2022 to February 2022 percent change was revised from up 0.3 percent to up 0.8 percent. Retail trade sales were up 0.4 percent from February 2022, and up 5.5 percent above last year.
• Gasoline stations were up 37.0 percent from March 2021, while food services and drinking places were up 19.4 percent from last year.