Retail Sales Rose 4% YOY in March

Washington, DC, April 15, 2024-Advance estimates of U.S. retail and food services sales for March 2024 were $709.6 billion, up 0.7% from the previous month, and up 4.0% above March 2023, according to the Department of Labor. 

Total sales for the January 2024 through March 2024 period were up 2.1% from the same period a year ago. The January 2024 to February 2024 percent change was revised from up 0.6% to up 0.9%.

Retail trade sales were up 0.8% from February 2024 and up 3.6% above last year. Nonstore retailers were up 11.3% from last year, while food services and drinking places were up 6.5% from March 2023.