US April Retail Sales Up 0.9% Month-on-Month... 4 Consecutive Months of Growth
[Asia Economy Reporter Minwoo Lee] U.S. retail sales in April increased by 0.9% compared to the previous month.
According to Bloomberg on the 17th (local time), the month-over-month change rate of U.S. retail sales in April was 0.9%. This rose from 0.5% in the previous month and met the market forecast of 0.9%. Since January, the U.S. retail sales change rate has recorded positive growth for four consecutive months.
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Retail sales indicate the trend of Americans purchasing goods at stores, online, or consuming at restaurants. The 'retail sales excluding automobiles' month-over-month change rate, released together, was 0.6%, exceeding the expected 0.4%.
This content was produced with the assistance of AI translation services.
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