Wall Street Lunch: Retail Sales Top Forecasts In March [Seeking Alpha]
GE Aerospace (GE)
Last ge aerospace earnings: 4/30 04:02 pm
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Source: Seeking Alpha
March retail sales jump , even excluding surge in gas. (0:15) UnitedHealth lifts outlook after strong quarter. (1:30) Disney raises peak Magic Kingdom ticket prices for 2027. (2:11) This is an abridged transcript of the podcast: Our top story so far, don't count out the consumer just yet. March retail sales rose 1.7% M/M , topping the 1.4% consensus and accelerating from February's 0.7% gain. Core retail sales, excluding motor vehicles and parts, climbed 1.9% M/M versus 1.3% expected. Retail sales excluding gas and autos increased 0.6% M/M, above the +0.2% consensus. Gas station sales were up 18% Y/Y. “It's a blowout retail sales figure for March,” said Navy Federal Credit Union Chief Economist Heather Long. “Stripping out the big surge in spending on gas due to the Middle East conflict, it's a solid but more modest 0.6% increase.” Long noted gains across most categories, though spending at restaurants was softer, potentially signaling early signs of consumer pullback as
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