U.S. retail sales slow sharply in April

15/05/2025 Argaam
The US retail sales slowed sharply in in April, but the figures still came in better than analysts' expectations, backed by a jump in sales at auto and parts dealers.
 
Data released on Thursday by the US Census Bureau showed retail sales rose 0.1% month-on-month to $724.1 billion in April, versus expectations of remaining unchanged.
 
This is compared with a 1.7% rise in the upwardly revised March reading. The average for the three months ending in April was 4.8% higher than the average for the corresponding period a year earlier.
 
Along with the monthly rise, U.S. retail sales increased 5.2% in April year-on-year.

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