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US Retail Sales rose by 0.4%

Friday, May 12 2017
US Retail Sales rose by 0.4%

A pickup in U.S. retail sales last month adds to signs of steady consumer spending that will help propel the economy after a first-quarter slowdown, Commerce Department data showed Friday. Purchases rose 0.4% (forecast was 0.6% rise) after a 0.1% increase the prior month (revised from 0.2% decline).

Retail control-group sales, which are used to calculate GDP and exclude the categories of food services, auto dealers, building materials outlets and gasoline stations, rose 0.2% after a 0.7% March gain that was the biggest since April 2016, Sales rose in nine of 13 major retail categories.

More in this category: « US CPI increased by 0.1% Consumer Sentiment climbed to 97.7 »

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