April Retail Sales Come In Line With Expectations, Rising 0.1%

macy's, shopping

Photo: AP Images

April retail sales came in line with expectations rising 0.1 per cent month-over-month (mum).Less autos and gas retail sales climbed 0.1 per cent, missing expectations.

Retail sales were up 6.1 per cent from last year.

Expectations: Consensus is for 0.1 per cent mum increase in auto sales.

Analysts polled by Bloomberg expect a 0.2 per cent increase in retail sales less autos, and 0.3 per cent increase in retail sales ex-autos and gas.

Analysis: Investors look at this number because consumer spending is said to account for 70 per cent of GDP, though some argue its much lower.

Here’s a look at how retail sales compared with last month and last year:

chart

Photo: US Census Bureau

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