U.S. ECONOMICS: April Retail Sales Disappoint

U.S. retail sales inched up 0.1% in April with the ex-auto component unchanged. The 1.2% jump in headline March sales was revised to 1.5%, and February's prior 0.7% was bumped up to 0.9%. The 0.7% ex-auto gain from March was nudged to 1.0%, and the prior 0.3% February gain was revised to 0.4%.

Excluding autos, gas, and building materials, sales slid 0.2% after a 1.4% increase previously (revised from 0.9%). Sales excluding food, gas, autos, and building materials dipped 0.1% after a 1.3% jump in March (revised from 0.8%). Motor vehicles and parts sales rose 0.6% after solid gains in February and March.

Gas station sales rebounded 0.8% after declines in February and March. Food, beverage sales edged up 0.3%. Electronics dove 2.3% lower, while Miscellaneous sales dropped 2.3%. Clothing sales surged 1.2%. The revisions to prior months takes some of the sting out of the weakness in the headline data.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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