Retail Sales -0.3%; Autos Down 4th Month, Plunge -2.1%; Hooray Gasoline Up 0.9%

by Mike ‘Mish’ Shedlock
Mish Talk

Retail sales numbers for March were a disastrous -0.3% despite gasoline sales which were up 0.9%

Excluding gasoline, March retail sales fell 0.4%.

Autos led the plunge down 0.4%, the fourth consecutive month.

The Bloomberg Econoday economists’ consensus estimate was +0.1% in a range of -0.4% to +0.3%. Once again economists were clueless.

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