May 15, 201208:51 AMDaily Biz Briefs
Retail, food service sales expected to inch up in April
Retail and food services sales for April totaled $408 billion, an increase of 0.1 percent from the previous month and 6.4 percent above April 2011, according to the U.S. Census Bureau's advance estimates. Total sales for the February through April 2012 period were up 6.6 percent from the same period a year ago. The February to March 2012 percent change was revised from 0.8 percent to 0.7 percent.
Retail trade sales were up 0.1 percent from March 2012 and 6.1 percent above last year. Non-store retailers sales were up 11 percent from April 2011 and building material and garden equipment and supplies dealers were up 10.3 percent from last year.
The advance estimates are based on a subsample of the Census Bureau’s full retail and food services sample.