U.S. retail and food services sales rose in April 2022 by 0.9 percent on a month-on-month basis and by 8.2 percent when compared to April 2021, the latest data from the Commerce Department show.
“Total sales for February 2022 through April 2022 period were up 10.8 percent from the same period a year ago. The February 2022 to March 2022 percent change was revised from up 0.7 percent to up 1.4 percent.
“Retail trade sales were up 0.7 percent from March 2022, and up 6.7 percent above last year. Gasoline stations were up 36.9 percent from April 2021, while food services and drinking places were up 19.8 percent from last year,” said a May 17 press release (pdf)….