Original source: https://www.wsj.com/articles/retail-sales-declined-in-april-11557923864
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Wall Street Journal (05/15/19) Torry, Harriet; Nunn, Sharon
The U.S. Commerce Department reported that retail sales — that were volatile in recent months — fell by a seasonally adjusted 0.2percent in April from March. The April report indicates that consumer spending remains uneven despite readings which remain at elevated levels. Department store sales climbed 0.7percent over the month, although sales at electronics and appliance stores slipped 1.3 percent, clothes store sales dropped 0.2 percent, and earnings at building material and garden merchants declined 1.9%. Meanwhile, earnings at nonstore retailers, for example online retailers like Amazon.com, fell 0.2% on a month-to-month basis. Weaker than expected sales in April indicate that consumer spending may have begun the next quarter with a rush, which can feed into the pace of economic growth…. Read More
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