Accessibility links

Breaking News

US Retail Sales Increase in April


U.S. retail sales rose in April, as households bought cars, building materials and other goods.

Monday's report from the Commerce Department said consumer spending rose one-tenth of a percent from the previous month.

Outside the volatile areas, like fuel and cars, spending in the overall economy jumped five-tenths of a percent.

Economists and investors track retail sales closely because consumer demand drives about 70 percent of U.S. economic activity.

The report surprised many economists who had predicted that retail sales would decline as the effect of tax increases and government spending cuts worked their way through the economy.
  • 16x9 Image

    VOA News

    The Voice of America provides news and information in more than 40 languages to an estimated weekly audience of over 326 million people. Stories with the VOA News byline are the work of multiple VOA journalists and may contain information from wire service reports.

XS
SM
MD
LG