{"id":1004144044,"date":"2016-05-16T05:08:25","date_gmt":"2016-05-16T13:08:25","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004144044"},"modified":"2022-12-08T21:05:21","modified_gmt":"2022-12-09T05:05:21","slug":"economy-watch-retail-sales-surprise-on-the-upside","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-retail-sales-surprise-on-the-upside\/","title":{"rendered":"Economy Watch: Retail Sales Surprise on the Upside"},"content":{"rendered":"<p>By Dees Stribling, Contributing Editor<\/p>\n<div id=\"attachment_1004144049\" style=\"width: 298px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Census-Bureau-retail-sales-0416.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004144049\" data-attachment-id=\"1004144049\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-retail-sales-surprise-on-the-upside\/census-bureau-retail-sales-0416\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Census-Bureau-retail-sales-0416.jpg\" data-orig-size=\"325,339\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Samantha Goldberg&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1463389188&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Census Bureau retail sales 0416\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Percent Change in Retail and Food Services Sales&lt;br \/&gt;\n(Estimates adjusted for seasonal variation and holiday and trading-day differences, but not for price changes)&lt;br \/&gt;\nCredit: U.S. Census Bureau Advance Monthly Sales for Retail and Food Services, April 2016&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Census-Bureau-retail-sales-0416.jpg?w=325\" class=\"size-medium wp-image-1004144049\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Census-Bureau-retail-sales-0416.jpg\" alt=\"Percent Change in Retail and Food Services Sales (Estimates adjusted for seasonal variation and holiday and trading-day differences, but not for price changes) Credit: U.S. Census Bureau Advance Monthly Sales for Retail and Food Services, April 2016\" width=\"288\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Census-Bureau-retail-sales-0416.jpg 325w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Census-Bureau-retail-sales-0416.jpg?resize=288,300 288w\" sizes=\"auto, (max-width: 288px) 100vw, 288px\" \/><\/a><p id=\"caption-attachment-1004144049\" class=\"wp-caption-text\">Percent Change in Retail and Food Services Sales<br \/>(Estimates adjusted for seasonal variation and holiday and trading-day differences, but not for price changes)<br \/>Credit: <a href=\"https:\/\/www.census.gov\/retail\/marts\/www\/marts_current.pdf\" target=\"_blank\" rel=\"noopener\">U.S. Census Bureau Advance Monthly Sales for Retail and Food Services, April 2016<\/a><\/p><\/div>\n<p>Americans decided to go shopping with considerable gusto in April, with retail sales increasing 1.3 percent month-over-month, and up 3 percent compared with April 2015, according to the <a href=\"https:\/\/www.census.gov\/retail\/marts\/www\/marts_current.pdf\" target=\"_blank\" rel=\"noopener\">Census Bureau<\/a> on Friday. The small uptick in gas prices during the month didn&#8217;t really add that much to the overall increase. Not counting gas sales, retail sales were up a healthy 1.2 percent for the month.<\/p>\n<p>Every category of retailer except building materials and supplies gained for the month. Car sales advanced 3.2 percent, a turnaround for the category for recent months, and non-store (Internet) sales were up 2.2 percent month-over-month. Even department stores, which have been limping along since more modern models of retail started drinking their milkshakes, eked out a 0.3 percent gain for the month.<\/p>\n<p>Compared with last year, almost all categories gained, except for gas stations because of the drop in gas prices; department stores because of the aforementioned reason; and electronics stores, because the Internet is chipping away at their sales. Non-store retailers did the best of all year-over-year in April, according to the bureau: up 10.2 percent.<\/p>\n<p>Also on Friday, the <a href=\"https:\/\/www.sca.isr.umich.edu\/\" target=\"_blank\" rel=\"noopener\">University of Michigan reported<\/a> that consumer sentiment rebounded in early May due to more frequent income gains, an improved jobs outlook, and the expectation of lower inflation and interest rates. The index came in at 95.8 for mid-May, up from 89.0 in April. Nearly all of the gains were in the Expectations Index, which rose to its highest level in nearly a year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. consumers started spending more in April, with retail sales increasing in most categories for the month. <\/p>\n","protected":false},"author":1023,"featured_media":1004144049,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742,21749],"tags":[],"class_list":["post-1004144044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest","category-retail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Economy Watch: Retail Sales Surprise on the Upside - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-retail-sales-surprise-on-the-upside\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: Retail Sales Surprise on the Upside\" \/>\n<meta property=\"og:description\" content=\"U.S. consumers started spending more in April, with retail sales increasing in most categories for the month.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-retail-sales-surprise-on-the-upside\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-05-16T13:08:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T05:05:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Census-Bureau-retail-sales-0416.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"325\" \/>\n\t<meta property=\"og:image:height\" content=\"339\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dees Stribling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-retail-sales-surprise-on-the-upside\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-retail-sales-surprise-on-the-upside\\\/\"},\"author\":{\"name\":\"Dees Stribling\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc1e9fa4ee0430d86f8e60cd697c953c\"},\"headline\":\"Economy Watch: Retail Sales Surprise on the Upside\",\"datePublished\":\"2016-05-16T13:08:25+00:00\",\"dateModified\":\"2022-12-09T05:05:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-retail-sales-surprise-on-the-upside\\\/\"},\"wordCount\":297,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-retail-sales-surprise-on-the-upside\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/05\\\/Census-Bureau-retail-sales-0416.jpg\",\"articleSection\":[\"National\",\"News\",\"Retail\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-retail-sales-surprise-on-the-upside\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-retail-sales-surprise-on-the-upside\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-retail-sales-surprise-on-the-upside\\\/\",\"name\":\"Economy Watch: Retail Sales Surprise on the Upside - 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