US retail sales slip 0.2 per cent in April

US retail sales slip 0.2 per cent in April

US retail sales unexpectedly fell in April as motor vehicle purchases slumped. Retail sales fell 0.2 per cent last month. Economists polled by Reuters had forecast retail sales gaining 0.2 per cent in April. In March, retail sales increased a seasonally adjusted 1.6 per cent from February, the strongest increase since September 2017.

Timothy
Timothy
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