U.S. Retail Sales Rise 0.3 Percent in April


Retail sales in the United States experienced a moderate increase of 0.3 percent during April 2018, which reflects a year-over-year (YOY) increase of 4.7 percent. CNBC reports that the growth aligns with expectations from the Commerce Department following a surge of 0.8 percent in March 2018. Excluding automobiles, gasoline, building materials and food services, retail rose 0.4 percent last month. Although increased gasoline prices have cut into discretionary spending, consumer spending is on track to accelerate after a slowdown during the first quarter of 2018.

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