Retail sales unchanged in April on weak autos, furniture
Source: Reuters
WASHINGTON,
U.S. retail sales were unchanged in April as households cut back on purchases of automobiles and other big-ticket items, suggesting the economy was struggling to make a strong rebound after barely growing in the first quarter.
The Commerce Department said on Wednesday retail sales for March were revised up to show a 1.1 percent increase instead of the previously reported 0.9 percent rise.
Economists polled by Reuters had forecast retail sales rising 0.2 percent last month.
Retail sales excluding automobiles, gasoline, building materials and food services were also unchanged after an upwardly revised 0.5 percent increase in March.
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Read more: http://www.reuters.com/article/2015/05/13/us-usa-economy-idUSKBN0NY1HC20150513
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