All Posts Tagged: political rhetoric

U.S. Outlook: Retail sales slip again in March

Scott Anderson
Chief Economist

March retail sales came in lower than expected, down 0.3%, ending a disappointing first quarter for consumer spending.

graph showing trends in personal savings rate over last several years.Despite the lackluster start, it is too soon to throw in the towel on the U.S. consumer for 2016.

For more details, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on April 15.

Key observations:
  • Possible reasons for the retail sales slowdown so far this year include financial market volatility earlier in the year and uninspiring political rhetoric from the presidential candidates.
  • The bulk of the weakness in March retail sales data came from weak auto sales.
  • The greatest positive contributions to consumer spending in March came from building materials and garden equipment.
  • The subdued growth in spending is likely to reverse with greater consumer demand in the second quarter.
Click here to read my full report. Read More ›