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Here come retail sales ...

Published by Business Insider on Fri, 14 Apr 2017


The Commerce Department is set to release its monthly report on retail sales at 8:30 a.m. ET.Economists forecast that retail sales fell by 0.1% month-on-month in March, according to Bloomberg. Thatwould be the first decline in six months, amid a slowdown in car sales and delayed tax refunds this year.Excluding the volatile costs of autos and gas, core retail sales are expected to increase 0.3%."The downturn in auto sales is going to be a headwind for retail in general," saidJim Baird, the chief investment officer atPlante Moran Financial Advisors.The Big Three automakers reported worse-than-expected sales in March, demonstrating that the market may have plateaued after an unprecedented seventh straight year of record sales.Winter Storm Stella, which blasted through the Northeast in March, may have alsoimpacted sales last month.More to come ...SEE ALSO:Consumers have not been this bullish about the US economy since 2000Join the conversation about this storyNOW WATCH: Here's footage of the US military's new helicopter that'll cost as much as an F-35
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