C&W Research: Retail Sales 2015, It’s All About the Gas

retail salesU.S. retail sales for April, 2015 were estimated to have been unchanged from March and down 1.1% from the level reached in November, 2014. However, an important reason for this decline was the drop in gasoline prices. If we adjust for changes in gasoline and other prices, retail sales are actually up about 1.0%. consumer spending is not booming, but it’s also not as weak as the ┬áreported data suggest.

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