Retail sales rise 5.7% in April from year ago

The National Retail Federation (NRF) reports that total U.S. retail sales, excluding auto dealers and gas stations, rose 5.7% in April from a year ago.Sales are not adjusted for inflation, which rose 3.8% last month, according to the U.S. Bureau of Labor Statistics.

“Retail sales continued to grow in April despite higher gas prices driven by the ongoing conflict in Iran, cautious consumer sentiment and the persistent concerns about sustained inflation,” NRF President and CEO Matthew Shay said. “Spending on household priorities remains solid, supported by a steady labor market, wage growth and a significant influx of cash from tax refunds. While consumers are mindful on costs, retailers are working hard to keep everyday goods affordable for American families.”

The rate of increase did slow in April as total sales grew 6.69% in March, nearly a full percentage point more than reported in April. NRF said total sales are up 6.07% through the first four months of the year.

The trade group’s calculation of core retail sales, excluding restaurants, in addition to auto dealers and gas stations, was up 5.53% year over year. That was below the 7.05% year-over-year gains reported in March. Core sales are up 5.9% year to date.

April sales were up in all but one of the nine categories on a yearly basis. NRF reports clothing and accessories store sales rose 9.75% year over year. Sporting goods, hobby and bookstore sales increased 8.55% from a year ago. Health and personal care store sales were up 8.42% from the same month last year.

Electronic books and digital game sales increased 8.09% from a year ago. General merchandise stores saw sales rise 6.19%, and electronics and appliance stores’ sales increased 4.03% from a year ago. Grocery store sales increased 3.21% from the same month last year. Sales at furniture and home furnishing stores increased 2.58% year over year. Building and garden supply stores were the only categories to report weaker sales, down 2.74% from a year ago.