US Retail Sales rise 0.4% in April

The US Census Bureau reported on Tuesday that retail sales in the United States increased 0.4% in April to $686.1 billion. This report follows a 0.7% (updated from -0.6%) fall in March and fell short of the 0.7% gain expected by the market.

In the same period, Retail Sales ex-Autos rose 0.4% as expected.

“Total sales for the February 2023 through April 2023 period were up 3.1% from the same period a year ago,” the US Census Bureau further noted in its press release. “Retail trade sales were up 0.4% from March 2023, and up 0.5% above last year.”