April U.S. Retail Sales Show Strong Year-over-year Gains

U.S. retail sales were virtually unchanged in April from their strong performance in March and grew dramatically year-over-year as the rapidly recovering U.S. economy marked a full year since the coronavirus pandemic shut down most stores during the spring of 2020, says the National Retail Federation (NRF). Overall retail sales in April were unchanged seasonally adjusted from March, but up 51.2 per cent year-over-year. That compares with increases of 10.1 per cent month-over-month and 29 per cent year-over-year in March. Building materials and garden supply stores were down 0.4 per cent month-over-month seasonally adjusted but up 32.9 per cent unadjusted year-over-year.