Retail Sales in March Show Dramatic Increase

  Print Print

April 14, 2010 by   Comments Off on Retail Sales in March Show Dramatic Increase

With spring having sprung and the economy continuing to show signs of a rebound, consumers opened up their wallets last month and caused retail sales to increase 1.6% last month, the Commerce Department reported today.

The March figures were 5% higher than those of March 2009 and sales from January through March were 5.5% higher than in the same period last year, Credit Union Times noted.

Total retail and food sales in March were $363.1 billion, compared with February’s $354 billion and $337.4 billion in March 2009.

The data from March showed 0.6% increase in non-automobile sales from February, but that was 6.4% higher than in March 2009.

There was a 6.7% increase in sales at car, truck, and recreational vehicle dealers and parts stores from February but that represented a 14.1% increase from March 2009.

Sales of other kinds of motorized vehicles rose 7.5% last month, a 16.1% increase from March 2009.

Almost all other types of retailers had increased sales in March. The largest growth was at building/garden supply and clothing stores, which saw sales rose by 3.1% and 2.3%, respectively.

Gasoline stations and electronics/appliance stores were the only kind of retailers that experienced declines in sales. They fell 0.4% and 1.3%, respectively.

[Slashdot] [Digg] [Reddit] [Facebook] [Google] [StumbleUpon]


Comments are closed.