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Wed May 15, 2019, 10:59 AM

U.S. Retail Sales Unexpectedly Fall in April on Slump in Autos


The Census Bureau says U.S. retail sales in April unexpectedly slipped by 0.2% from March. Economists had projected an increase of 0.2%.

Bradley Keoun
May 15, 2019 9:21 AM EDT

Retail sales unexpectedly fall last month, driven by decreases in autos and in-store purchases of sporting goods, hobby supplies and musical instruments.

Retail sales slipped by 0.2% from March levels, the Census Bureau said in a press release. Economists had projected an increase of 0.2%.

Motor vehicles and parts, a major swing factor in the monthly data, fell by 1.1%, according to the report. The prior month those sales had jumped by 3.2%.

The government also noted a 1.1% drop in sales by electronics and appliance stores. Non-store retailers, which includes internet shopping, saw a 0.2% decrease in sales.

more...

https://www.thestreet.com/markets/us-retail-sales-unexpectedly-fall-in-april-due-to-slump-in-autos-14960864

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