U.S. retail sales climbed in April as consumers accelerated purchases to avoid anticipated price hikes from upcoming tariffs. Core retail sales, which exclude restaurants, auto dealers, and gas stations, rose 0.9% from March and 7.1% compared to last year. Total retail sales, including restaurants but excluding autos and gasoline, increased 0.72% month-over-month and 6.8% year-over-year. For the first four months of 2025, total sales were up 5.1% year-over-year, while core sales grew 5.5%.
The National Retail Federation attributed the gains to consumers moving up purchases ahead of tariff-driven price increases, as well as the timing of Easter, which fell in April this year.
Key Takeaways:
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Core retail sales rose 0.9% month-over-month and 7.1% year-over-year in April.
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Consumer spending was boosted by efforts to avoid higher prices from expected tariffs and the timing of Easter.
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Most retail categories saw annual growth, especially digital products, electronics, and groceries.
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