Retail sales slid in March

April 12, 2013 at 8:58 AM
| License Photo

WASHINGTON, April 12 (UPI) -- Retail and food service sales dropped 0.4 percent to $418.3 billion February to March, the U.S. Census Bureau said Friday.

Sales for the month were 2.8 percent higher than March 2012. But economists were surprised by the month-to-month drop. The consensus forecast called for sales to break even after they rose 1 percent in February, a figure revised from last month's release, which pegged sales growth at 1.1 percent.

With the revision, the bureau said sales from January through March were up 3.7 percent from the first quarter of 2012.

The bureau said non-store sales, which include Internet and catalog sales, were up 13.5 percent from March 2012.

Auto sales were also higher from a year earlier, up 7.4 percent.

Related UPI Stories
Latest Headlines
Trending Stories
TSU shooting: 1 dead, 1 wounded in third shooting this week at Houston campus
Listeria threat prompts Whole Foods cheese recall
Russia says missiles aimed at Syria did not land in Iran
Captive orca breeding banned at California's SeaWorld
Wrong drug used in Oklahoma execution