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%.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: