US retail sales up solid 0.3 pct. in April in hopeful sign
May 16, 2018
WASHINGTON (AP) — U.S. retail sales rose at a solid pace in April, a sign that consumers may be rebounding from weak spending earlier this year and driving stronger economic growth.
Retail sales increased at a 0.3 percent rate in April, the Commerce Department said Tuesday, down from a 0.8 percent gain in March, which was revised higher from 0.6 percent. The spending gains were spread across most retail categories, with especially big gains at furniture and clothing stores.
Consumer spending has rebounded in the past two months after a weak January and February, a trend that could accelerate g...
For access to this article please
sign in or
subscribe.
Reader Comments(0)