‘Consumers were Busy in March’ NRF Finds
Retail sales were looking a bit more promising in March as opposed to February with numbers bumping up 1 percent seasonally adjusted from February, and 0.8 percent unadjusted year-over-year the National Retail Federation (NRF) found. These totals did not account for automobile dealers, gas stations, and restaurants, however.
Although the thick of the cold weather began to fade in March, there remained a few brisk days in the beginning of the month, and even some snow. Easter also came later than usual this year, which gave shoppers an extended amount of time to purchase gifts and basket stuffers.
“The change of seasons is always a factor because of the weather, and a later Easter and Passover this year mean holiday-related sales that took place in March last year won’t come until April this year and sizably impact year-over-year comparisons,” NRF Chief Economist Jack Kleinhenz said.