Economic Watch: April Retail Sales Barely Improve
Retail sales in the U.S. barely moved higher in April, increasing just 0.1% from the month before, according to new Commerce Department figures.
Retail sales in the U.S. barely moved higher in April, increasing just 0.1% from the month before, according to new Commerce Department figures.
The performance was far below the 0.4% increase a consensus poll of economists were forecasting, while the March hike was also revised upward to 1.5%.
Compared to the same time a year ago April activity increased 4%.
“After two back-to-back months of marked strength in retail sales more than offsetting the weakness in December and January, consumers have subsequently pulled back,” said Lindsey Piegza, chief economist for the investment firm Sterne Agee. “Remember consumers were busy spending at the end of the year and into 2014, but just not on goods? Service spending was the name of the game, particularly health care services as consumers enrolled in Obamacare, and utilities spending as the average family shelled out an extra $600 or in some cases $1,000 more this season just to heat the family home and combat one of the worst winters in years.”
She said this pent up demand for goods purchases, however, appears to have been satisfied in just two months time as the robust spending levels of February and March have all but disappeared into a lackluster near zero pace of spending at the start of the second quarter.
“Not a great first sign for those holding onto the dream of 3% or 4% gross domestic product in the near term,” Piegza said. “Of course one monthly retail sales report is not enough to extrapolate quarterly GDP, but it certainly undermines some of the optimism out in the marketplace.”
Furniture sales fell 0.6% in April, and electronics purchases dropped 2.3%. Miscellaneous sales dropped 2.3% at the start of the second quarter and non-store retailer sales declined 0.8%, as did eating and drinking sales.
On the stronger side, building materials increased 0.4% and food and beverage sales rose 0.3%. Health and personal care sales increased 0.6% and gasoline sales rose 0.8% after two months of decline in pump purchases. Clothing sales rose 1.2%, nearly the same as in March, and sporting goods sales increased 0.7%. General merchandise purchases rose 0.2% thanks to a 1.8% rise in department store sales.
More Fleet Management

Kodiak Lines Up Fleets for Driverless Trucking
An agreement for 75 trucks, a new Texas freight lane, and progress on safety validation move Kodiak closer to its planned driverless highway launch.
Read More →
ITS Logistics Settles Religious Harassment Case
The Nevada-based logistics firm agreed to pay more than $396,000 to settle a religious harassment charge involving an employee's Jewish identity.
Read More →
Your Trucks Are Busy. That Doesn’t Mean They’re Winning.
High utilization doesn’t always mean strong margins. Looking beyond the current load can help fleets make better dispatch decisions and get more value from each truck’s time.
Read More →
Why This Trucking Recovery Is Different
Freight demand remains sluggish, but rising costs and tougher enforcement have taken enough capacity out of the market to change the outlook for motor carriers.
Read More →
Platform Science Adds Dispatch and Safety Tools
Four additions to PS Fleet help fleets monitor loads, manage driver coaching, share truck locations and adjust video system settings.
Read More →
PrePass Intelligence Mines Fleet Bypass, Toll and Safety Data
PrePass Intelligence helps fleets measure bypass savings, flag potential toll overcharges, and spot suspicious transactions by combining data from separate systems.
Read More →
Motive Adds AI Agents for Fleet Operations
New tools automate follow-up on fleet data, from maintenance work orders to driver alerts, with two-way voice conversations planned for later this year.
Read More →Can You Beat Our Trucking Trivia Challenge?
Test your truck knowledge with 19 trivia questions from Heavy Duty Trucking Exchange. Can you keep up with the fleet pros?
Read More →
BeyondTrucks Adds Rules Checks to Dispatch
New Compatibility Engine checks driver qualifications, equipment requirements and fleet policies before loads are dispatched.
Read More →
Diesel Prices Hijack Trucking’s Worry List
ATRI’s annual survey finds cautious optimism about freight, but diesel costs, litigation, and insurance continue to squeeze fleets. Drivers have different priorities on several issues.
Read More →
