US Retail Sales Surge Most Since 2017

Having re-slumped in February, after bounding back from December's plunge, US Retail Sales were expected to rebound solidly in March (as analysts projected auto sales and a bounce in gas prices would help) and it did.

Headline retail sales rose 1.6% MoM in March  (crushing the 1.0% expected) - the strongest monthly surge since Sept 2017.

Under the hood, every single category rose in April except sporting goods, hobby, and book stores...

While Autos and gas stations soared...

Core retail sales (ex autos and gas stations) rebounded notably in March after it plunged in February...

Everything is awesome again - like it was in January, remember?