While headline sales rose 0.5% as expected, this marked a deceleration from March’s 1.6% surge.
The year-over-year percent change provides another perspective on the historical trend. Current retail sales are up 4.9% compared to one year ago.
Core sales were up for an eleventh straight month in April, rising 0.7%. This was down from the 1.9% spike in March and was consistent with the forecast.
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By Jennifer Nash
According to the Census Bureau’s Advance Retail Sales Report, consumer spending climbed for the third consecutive month in April. While headline sales rose 0.5% as expected, this marked a deceleration from March’s 1.6% surge. Since these figures are
