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Retail Sales Slumped in April, Commerce Department Reports
WASHINGTON -- U.S. retail sales fell in April, signaling weakness in the economy at the start of the second quarter. The numbers were released a day after similar downbeat numbers from the nation's retailers
Separately, higher food and energy prices pushed U.S. wholesale prices up last month, but prices were unchanged outside of those volatile sectors.
Retail sales decreased 0.2% last month, after rising an upwardly revised 1.0% in March, the Commerce Department said Friday. Originally, March sales were seen 0.7% higher. The 0.2% decline in overall retail sales during April was a surprise on Wall Street. A Dow Jones ...
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