retail sales

retail sales

Retail Sales Barely Rise In April

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U.S. retail sales barely rose in April and a gauge of consumer spending slipped, which could temper hopes of a sharp acceleration in economic growth in the second quarter. The Commerce Department said on Tuesday retail sales edged up 0.1 percent last month, held back by declines in receipts at furniture, electronic and appliance stores, restaurants and bars and online retailers. Retail sales, which account for a third of consumer spending, rose by a revised 1.5 percent in March. http://feeds.reuters.com/~r/reuters/businessNews/~3/Ms7zMEBhUY8/story01.htm http://www.wochit.com