- Retail sales, a measure of purchases at stores, restaurants and online, fell 1.0% in March from February after last month was revised to a 0.2% decline.
- Consensus among economists was a 0.4% decline.
- Excluding autos, retail sales also fell by 0.8% over the month.
- Total sales for the January 2023 through March 2023 period were up 5.4% and 2.9% higher than March 2022.
- The Right Facts will continue to monitor retail sales.