US Mar/2016 retail sales weaker than consensus (again)

March retail sales weaker than consensus (again).
Expectations for consumption had already been revised down after the weak Jan/Feb PCE report; today's retail sales report do not change that, despite some upward revision to the previous couple of months.
This weakening of consumption is somewhat puzzling given the strong income and employment, high level of consumer confidence, and credit still flowing.
Softer retail sales can be attributed to tighter financial conditions until Jan/Feb...
...but, in my view, the bulk (i.e., not all) of the current slowdown continues to be driven by gasoline sales...
...and, perhaps, by some seasonal adjustment issues.