Posted by: youngragingbull | May 13, 2013

U.S. retail sales rise 0.1% in April

U.S. consumers slightly increased personal spending in April at the retail level, buying more cars and clothes after cutting purchases sharply in March the Commerce Department reported Monday.

Retail sales edged up 0.1% in April from March – a major improvement from the 0.5% decline in March, which was the largest drop in nine months.

The April gain was even stronger when taking out lower gas prices, which reduced sales at gas stations by 4.7%.

When excluding gas station sales, retail spending rose 0.7%. And core retail sales, which strip out the volatile categories of gas, autos and building supplies, increased 0.5%.

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