Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Retail sales unexpectedly fall in March
reuters ^ | 4/12/2013 | staff

Posted on 04/12/2013 6:09:28 AM PDT by tobyhill

Retail sales contracted in March for the second time in three months, a sign the American economy may have stumbled at the end of the first quarter.

Retail sales fell 0.4 percent during the month, the Commerce Department said on Friday. That was below analysts' expectations that sales would be flat.

Readings for retail sales have been volatile so far this year, making it difficult to know whether the weakness in March was due to a tax hike that went into effect at the start of the year or to temporary factors related to the weather.

Retail sales advanced 1 percent in February, according to revised readings from the government.

Stripping out cars, gasoline and building materials, sales fell 0.2 percent in March. This core measure corresponds closely with the consumer spending component of gross domestic product. The government revised lower past core retail sales figures to show a 0.3 percent gain in February and flat sales in January.

(Excerpt) Read more at reuters.com ...


TOPICS: Extended News; News/Current Events
KEYWORDS:
Navigation: use the links below to view more comments.
first 1-2021-40 next last

1 posted on 04/12/2013 6:09:28 AM PDT by tobyhill
[ Post Reply | Private Reply | View Replies]

To: tobyhill
UNEXPECTED!
2 posted on 04/12/2013 6:10:46 AM PDT by Ken522
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

It’s always “unexpectedly.” Will they ever admit that they’re not good at predicting?


3 posted on 04/12/2013 6:13:10 AM PDT by I want the USA back (Pi$$ed off yet?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: I want the USA back

It’s the same with all liberals.

Their policies are SUPPOSED to work,
and when they invariably fail, it’s always “unexpected”.


4 posted on 04/12/2013 6:16:39 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
[ Post Reply | Private Reply | To 3 | View Replies]

To: tobyhill

I been doing my part to keep the economy up. Everyday, I hit WalMart at 6:45AM to be there to get whatever new ammo came in the night before. Today, 200 rds 45 ACP, and 40 rds 7.62X39, yesterday, 200 rds 45ACP and 100 rds 9mm, day before that 60 rds of 5.56 ball ammo, day before that 60 rds of Tula 223 ammo....get there early, and often.


5 posted on 04/12/2013 6:18:31 AM PDT by Gaffer
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

“Unexpected” is the hazard of believing one’s own propaganda about a “recovery”.


6 posted on 04/12/2013 6:18:32 AM PDT by trubolotta
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

The MSM slipped and blamed the cold weather for the decline in sales.


7 posted on 04/12/2013 6:19:09 AM PDT by G Larry (Darkness Hates the Light)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

8 posted on 04/12/2013 6:19:50 AM PDT by SoFloFreeper
[ Post Reply | Private Reply | To 1 | View Replies]

To: I want the USA back
It’s always “unexpectedly.” Will they ever admit that they’re not good at predicting?

Not just bad at predicting, but reality is almost always worse than they predicted. It's like a Cubs' fan once again predicting a World Series victory this year.

9 posted on 04/12/2013 6:20:20 AM PDT by KarlInOhio (Choose one: the yellow and black flag of the Tea Party or the white flag of the Republican Party.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Ken522

“UNEXPECTED!”

Only for those who don’t visit stores in the flyover country. No doubt the Fifth Avenue shops in Manhattan and stores inside the beltway in the Washington area are bustling.


10 posted on 04/12/2013 6:20:26 AM PDT by Soul of the South (Yesterday is gone. Today will be what we make of it.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: tobyhill

Another in a string of downside macro datapoints... another indication we are entering into the same “spring slowdown” pattern we have seen the last 3 years.


11 posted on 04/12/2013 6:20:32 AM PDT by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: I want the USA back
It’s always “unexpectedly.” Will they ever admit that they’re not good at predicting?

Gosh, no. They are the controllers of the language and the meaning of words.
12 posted on 04/12/2013 6:21:43 AM PDT by Resettozero
[ Post Reply | Private Reply | To 3 | View Replies]

To: SoFloFreeper
All I can say is "I'm gonna be RICH!"

13 posted on 04/12/2013 6:22:15 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
[ Post Reply | Private Reply | To 8 | View Replies]

To: I want the USA back
It’s always “unexpectedly.” Will they ever admit that they’re not good at predicting?

As a professional forecaster I learned early on that you will always miss every forecast you make. It's just the nature of the job dealing with so many unknown and uncontrollable variables. The key is to try and minimize the misses and pick up the longer term trends.

14 posted on 04/12/2013 6:22:33 AM PDT by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: G Larry

The MSM slipped and blamed the cold weather for the decline in sales.”

Cold weather in January and February. How can that be? Events such as winter weather in the winter just make predicting anything so difficult.


15 posted on 04/12/2013 6:22:58 AM PDT by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: Resettozero
Gosh, no. They are the controllers of the language and the meaning of words.

Economists that work in the private sector are? Who knew?

16 posted on 04/12/2013 6:23:21 AM PDT by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
[ Post Reply | Private Reply | To 12 | View Replies]

To: SoFloFreeper

The “con” in Obamaconomy should’ve been highlighted in red.


17 posted on 04/12/2013 6:24:13 AM PDT by Salamander (Like acid and oil on a madman's face, reason tends to fly away.....)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Grams A
Cold weather in January and February. How can that be? Events such as winter weather in the winter just make predicting anything so difficult.

Last winter was exceptionally mild which led to "unexpected" upside in 1Q. This year was significantly colder than was forecast. Weather has a significant impact on economic activity. Listen to any earnings call by FDX, UPS, any of the TL or LTL companies and you will hear it mentioned.

18 posted on 04/12/2013 6:25:20 AM PDT by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Gaffer

I’m trying to do my part, too. But when I went to Wal*Mart on my lunch break one day this week, the ammo shelves (six feet wide) were bare, except for some .270 Rem and a 20-round box or two of cheap Russian steel cased .223. I’ve got a .270 Browning so I supplemented my stock, but everything else was gone, and I was told that whatever came in that morning was gone by 8am. Thanks, Obama.


19 posted on 04/12/2013 6:27:40 AM PDT by andy58-in-nh (Cogito, ergo armatum sum.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Grams A

I was referring to the fact the Global Warming worshiping MSM noticed it was cold.


20 posted on 04/12/2013 6:28:48 AM PDT by G Larry (Darkness Hates the Light)
[ Post Reply | Private Reply | To 15 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-40 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson