NEW YORK CITY — US retail sales missed.
Sales rose by 0.4% month-over-month in April, according to the Commerce Department. Economists were expecting a 0.6% increase.
Excluding gas and auto sales, sales rose by 0.3%. This also came in below expectations of economists, who were anticipating an increase of 0.4%.
Gas station sales were up by 12.3% year-over-year, and nonstore retailers were up 11.9% year-over-year.
Last month’s retail sales were revised up to a +0.1% from -0.2%.
More from Elena Holodny:
- Here come retail sales…
- Here’s how US trade policy has changed over the last century
- This chart shows how America stacks up in trade with everyone in the world
- Initial jobless claims unexpectedly drop
- The kiwi plunges as the Reserve Bank of New Zealand cuts its inflation outlook
NOW WATCH: Women are more attracted to men with these physical traits
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.
Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.