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April Retail Sales Slow
Consumers stepped back last month and took a shopping break tamping down April retail sales.
American consumers took a respite from going to malls and restaurants as retail sales climbed less than forecast in April after the strongest gain in four years.
The 0.1 percent increase followed a revised 1.5 percent surge in March that was the biggest since March 2010, Commerce Department figures showed today in Washington. The median forecast of 83 economists surveyed by Bloomberg called for a 0.4 percent advance.
Consumers were less inclined to ramp up again after March saw a release of pent-up demand caused by harsh winter weather.
Read Entire Story Source: Bloomberg