Vehicle sales, prices boost US April retail figures

17 May 2022

 

Summary:  US retail sales up 0.9% in April; rise a touch lower than expected; March figure revised up; savings, credit maintains consumption pattern; rises in eight of twelve retail categories; vehicles & parts” segment largest single influence. US retail sales had been trending up since late 2015 but, commencing in late 2018, a series of weak or negative monthly results led to a drop-off in the annual growth rate below...

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