Sales in the non-store retail sector, which includes pure-play e-commerce, increased by 12% in April to $51.4 billion, the thirteenth straight month of double-digit increases.
Sales at merchants of electronics and appliances rose 1.3 per cent in April after a 2.2 per cent jump. That is a major number and clearly can not be overlooked, especially when looking at how closely connected retail and consumer activity is tied to the freight transportation and logistics sectors on so many fronts, including trucking, intermodal, parcel, ocean, air, and e-commerce.
Non-store retailers-which is what the bureau calls Internet sales-were up 1.4 percent for the month, which is consistent with growth for that kind of retail. Factor out auto sales, and total retail sales for the month were up 0.3 percent. Core prices have risen 1.9 percent. Gasoline stations sales were up 12.3% from April 2016, while Nonstore Retailers were up 11.9% from a year ago.
With motor vehicles and gas stripped out, sales were up 0.3%, after a 0.4% increase in March. Gauges of consumer and business confidence remain high following last year's presidential election; the University of Michigan's index of consumer sentiment was up 9% in April compared with a year earlier.
Shares in JC Penney sank 10% after it became the latest department store chain to report disappointing results. And inflation has ticked up, eroding most of that wage gain.
Turkish army, Syrian Kurdish militia in new clashes
Erdogan said the sight of American flags in the convoy alongside YPG insignia had "seriously saddened" Turkey. The base is 50 kilometers (30 miles) from Syria's Tal Abyad, a town controlled by the Kurdish militia.
Friday's report excluded consumer spending on most services, including medical care and housing.
Spending was uneven across other categories last month.
The Labor Department said that U.S. consumer prices increased by 0.2% in April, following a 0.3% fall in the previous month, taking the annual rate to 2.2%.
"Retail sales increased a solid 0.4% in April, better than the slim 0.1% gain in March but not the breakout performance markets had hoped to see", she commented in a research note. "Yet, with April sales a bit weaker than anticipated, we are trimming our projected of annualized growth in real consumer spending during the second quarter from 3.4% to 3.1%".
Obama warned Trump about Flynn, former officials say
Mr Flynn was dismissed as defence intelligence chief by the Obama administration before he became became a Trump supporter. Flynn, a retired Army lieutenant general, was Obama's Defense Intelligence Agency director until he was sacked in 2014.
Oil up as OPEC cuts outweigh US drilling boom
This is part of the production cuts that the oil-producing kingdom had agreed to as a member of OPEC. USA light crude was also little moved at $46.28 a barrel, down from a intra-day high of $46.98.
Wizards' Oubre Suspended After Charging Kelly Olynyk
If, however, the Celtics do take down one of the best home team's in the league, things will look a lot more dim for the Wizards. Thomas acknowledged that the Wizards' 26-0 third-quarter run was the reason for the result, not the officiating.
Klitschko hints he will continue boxing career
As part of his Instagram story, Joshua also showed off his wide selection of caps as well as him working in the gym. Fury has sparred with Joshua in the past and added: "I always said Wladimir would be my easiest fight".
Iraq PM: No US combat troops to stay in Iraq after IS
If the two nations agree on terms, Iraq would join Afghanistan in having USA troops stationed there for the foreseeable future. Iraqis were eager to end what some saw as an occupation, and many Americans wanted to see an end to the then-eight year war.
National Day of Prayer: About 100 attend local event
In addition to the program from 2 to 3 p.m., is a 12:30 p.m. lunch reception for Loudoun pastors and other faith leaders. A midmorning National Day of Prayer service planned for outdoors in Grantville was moved to the city council chambers.