Economic Report: Retail sales rebound in April and point to steady economy

by | May 16, 2023 | Stock Market

The numbers: Sales at U.S. retailers rebounded 0.4% in April largely because of strong demand for new autos and higher consumer spending online, offering a respite from a broad slowdown in consumer spending. Sales had been forecast to rise 0.8%, based on a Wall Street Journal poll of economists.

Retail sales are a big part of consumer spending and offer clues about the strength of the economy. Before April’s increase, r …

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