U.S. Retail Sales Pass the $220 Billion Mark in April, 1998
August 13, 1998
U.S. Retail Sales Pass the $220 Billion Mark in April, 1998
MIDDLETOWN, Pa. -- Retail sales in the United States grew 7 percent from April
1997 to April 1998, according to statistics compiled by the Pennsylvania State Data
Center at Penn State Harrisburg. There was a 2.3 percent increase from March to April
1998 with total retail sales growing from $216.2 to $221.1 billion. Retail sales grew by 4
percent from the first quarter of 1997 to the first quarter of 1998.
Sales of durable goods rose 7.8 percent from April 1997 to April 1998 reaching
$95.1 billion in 1998. Within that category during the same period, building materials
sales rose to $14.9 billion, a 10.2 percent increase. The automotive group increased
7.4 percent to reach $57.9 billion and the furniture group hit $11.8 billion, up 6.9
percent.
The sales of non-durable goods reached $126 billion in April 1998, having
climbed 6.4 percent since the previous year and 2.2 percent from the previous month.
For this category, the greatest percent increase for the year was in apparel and
accessory stores at 16.8 percent, rising to $10.1 billion. The slowest growth was for
eating and drinking placeswhich reached $20.2 billion, a 3.8 percent increase. The largest
dollar amount sales increase was in the food group which rose 5.4 percent to $36.2 billion.
The state-sponsored Pennsylvania State Data Center is the Commonwealth's official
source of population and economic statistics and services. It is based at Penn State
Harrisburg's Institute of State and Regional Affairs.
____________________________________________________
Editors: For more information, contact Amy Jonas at the Data Center's State Capital Office,
(717) 772-2710, or the Penn State Harrisburg's Public Information Office, (717) 948-6029.Source of Information: U.S. Census Bureau
Accompany Chart: April Retail Sales by Business 1997-1998
Accompany Table: Monthly Retail Sales -- January 1997 to March 1998