The Retail Monitor calculation of core retail sales – excluding restaurants in addition to automobiles and gasoline – was up 0.23% month over month and up 2.92% year over year in March. That compared with increases of 0.27% month over month and 2.99% year over year in February, based on the first 28 days in February.
The CNBC/NRF Retail Monitor, powered by Affinity Solutions, offers a headline, month-over-month look at retail sales performance for 9 core retail sectors, plus restaurants.
March sales were up in six out of nine retail categories on a yearly basis, led by online sales, sporting goods stores and health and personal care stores, and up in five categories on a monthly basis.
CNBC’s Steve Liesman joins ‘Squawk Box’ to discuss the latest retail data from the CNBC/NRF Retail Monitor. Watch the full clip here.
Your first look at how retail sales performed last month. The Retail Monitor has been shown to be highly correlated with the U.S. Census Bureau’s revised retail sales numbers.
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Browse previous versions of the CNBC/NRF Retail Monitor, powered by Affinity Solutions.
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