Wed, 16 May 2012 08:20:26 GMT
US retail sales growth decelerates in April
US retail sales growth slowed in April while consumer prices stayed unchanged. The retail sales expanded by 0.1% in April on a monthly basis, reported the Commerce Department. At the same time, consumer spending rose by modest 0.2% in April. The weakest sectors comprised gardening equipment and building materials that posted a 1.8% decline.