US retail sales fell 0.2% in April

The US Department of Commerce published data on the dynamics of retail sales in April. Last month, retail sales fell by 0.2% in the United States compared to March, when they grew by 1.7%. For experts, the decline was a surprise, they had expected it to increase by 0.1%. The sales figure, which does not include sales volumes of gasoline and building materials, remained in March at the March level, while economists had expected it to grow by 0.3%. Retail sales that did not include cars showed a weak increase of 0.1%, whereas a month earlier they grew by 1.2%. The fall in sales was noted in 8 out of 13 main categories of goods. Sales of cars fell by 1.1%. Sales of building materials fell by 1.9%, electronics - by 1.3%. At the same time, the increase in prices for automobile fuel was the reason for the increase in sales of gas stations by 1.8%.

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