I refer to the Monthly Retail Sales Report as MARTS (as does the link, if you follow it), and this month's (April data) is interesting.
Advance estimates of U.S. retail and food services sales for April 2022, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $677.7 billion, an increase of 0.9 percent (±0.5 percent) from the previous month, and 8.2 percent (±0.7 percent) above April 2021.
Note: But not price changes.
So let's have a look at the unadjusted numbers, since April is a fairly normal month (you know, not one with a holiday like... oh.... Christmas in it.)
The ex vehicles and gasoline is indeed up -- which is interesting, considering the ramping price of fuel (which skews everything if you don't exclude it.) This is more than absorbed, however, by the consumer credit numbers in the revolving category, which tells you "how"; everyone charged it, basically. That won't last.
Furniture, electronics, Health and personal care were all down on the month.
Building materials were up (as expected; this is the start of construction season) and clothing was up a bit.
Food and beverage was down on the month; is inflation hitting pocketbooks in the grocery store? Hmmmm...
Sporting goods were down -- this is usually the start of "outdoor activity" season too, so that's not so good.
Non-store (Spamazon) was up, as were food and drinking places. The latter is interesting, given what's not.
I'd call this a bit better than expected, I suppose -- especially considering the inflation numbers.
We'll see if it continues into the traditional summer months -- and whether the way its happening is wild-eyed "charge it!" consumerism.
One interesting point: WalMart reported earnings this morning and is out behind the woodshed getting it good, hard and dry. It's hard to reconcile a "cheery" MARTS report with that, isn't it?