US retail sales in April released higher than expected

Source: WBP Online
© Reuters
April came with a resurrection of consumer spending shown in just released US retail sales numbers. Total retail sales on monthly basis increased 1.3%, which is the sharpest jump in 13 months, and it surpassed forecast of 0.8% by analysts. Retail sales were boosted by auto dealers and gasoline stations, which saw a second surge in gas prices.

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