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Retail sales unchanged in April

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Retail sales unchanged in April

“Core” retail sales also unchanged.

Retail sales remained unchanged in April, according to data released by the Commerce Department today. This follows a 1.1% revised increase in March, which ended a three-month decline for the nation’s retailers. 

Analysts had expected a 0.2% increase in April.

Sales excluding autos, gasoline, building materials and food services, so-called “core retail sales,” was also unchanged, compared to a revised 0.5% increase in March.

Analysts had expected a 0.5% increase in core retail sales.

The results call into question the widely-held view that the recent sluggishness of the US economy may be short-lived and attributable to temporary factors such as the harsh weather this past winter. 

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