US Retail Sales Decrease More Than Expected in March

The video discusses the realization of warnings from credit card companies as retail sales decline. The headline retail sales dropped by 1%, with a more significant decline in sales excluding autos. The control group, closely watched by economists, also saw a decrease. The report indicates a negative trend in retail sales, with autos performing poorly and other sectors following suit. On a positive note, the import price index fell, suggesting some relief on the inflation front, though consumption remains weak.

What was the percentage decline in headline retail sales compared to the previous month?

• 1%

• 0.4%

• 0.1%

• 0.8%

How did retail sales excluding autos perform compared to the previous month?

• Increased by 0.4%

• Remained the same

• Decreased by 0.8%

• Increased by 0.1%

What was the change in the control group that economists watch?

• Decreased by 0.5%

• Increased by 0.3%

• Decreased by 0.3%

• Increased by 0.5%

What does the import price index indicate about inflation?

• Inflation is stable

• Inflation is decreasing

• Inflation is unpredictable

• Inflation is increasing

What is the significance of the import price index excluding petroleum?

• It reflects an increase in non-petroleum prices

• It suggests stable petroleum prices

• It indicates a decrease in non-petroleum prices

• It shows a rise in petroleum prices