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US April Retail Sales Point to Stronger Q2/16 Consumer Spending Growth

Discussion in 'Fundamental Analysis' started by Angela_Riplay, May 13, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    US retail sales rose by a stronger than expected 1.3% in April 2016 (compared to market expectations for a 0.8% gain). Strength was broadly based, with a 0.8% gain in sales excluding the auto sector and a 0.9% jump in 'control' sales (retail sales ex-autos, gas stations, and building material stores)[​IMG]

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