“U.S. Retail Sales Rise Less Than Expected in April, Up Only 0.4%”

U.S. retail sales rose less than economists expected in April, rising just 0.4% sequentially after falling 0.7% the previous month (revised from an initial estimate of -1%), according to the Department of Commerce.

Excluding the automotive sector (vehicles and equipment), US retail sales also increased by 0.4% last month compared to March, where the market consensus was expecting an increase of roughly the same order.

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