US retail sales contracted -1.0% mom to USD 691.7B in March, worse than expectation of -0.5% mom. Total sales for January through March period were up 5.4% from the same period a year ago.
For the month, ex-auto sales dropped -0.8% mom to USD 562.9B, below expectation of -0.4% mom. Ex-gasoline sales decreased -0.6% mom to USD 636.5B. Ex-auto and gasoline sales declined -0.3% mom to USD 507.6B.