US retail sales rise unexpectedly
Retail sales in the US unexpectedly rose in April reflecting broad-based gains that may ease concern consumers are holding back.
Retail sales in the US unexpectedly rose in April reflecting broad-based gains that may ease concern consumers are holding back.
The 0.1 per cent increase followed a 0.5 per cent drop in March, Commerce Department figures showed today in Washington. The median forecast of 81 economists surveyed by Bloomberg called for a 0.3 per cent drop. The figures used to calculate growth, which exclude categories such as automobiles, also advanced.
The figures may prompt economists to forecast spending this...
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