US retail sales rise 0.5% in April from March, in line with forecast


Idag, 14:44

(Alliance News) - US retail sales increased last month, according to a reading from the Census Bureau on Thursday.

Retail sales grew 4.9% on-year in April, picking up speed from a 4.2% increase in March.

On-month, sales were 0.5% higher in April, in line with FXStreet cited consensus. Sales had risen 1.6% in March from February.

The Bureau of Labor Statistics, meanwhile, showed both import and export prices rose faster than expected in April.

Import prices were 1.9% higher on-month, loftier than the 1% rise that was expected. In March, import prices were 0.9% higher than in February.

Export prices rose 3.3% in April from March. They rose 1.5% in March from February. Export price growth of 1.1% had been expected for April.

By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

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