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5/14, 2:31 PM (Source: TeleTrader)
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US retail sales stay flat in April, below estimates

Advance estimates of United States retail and food services sales for April stayed unchanged compared to March at $619.9 billion, failing to meet analyst expectations, the Census Bureau said in a report released on Friday. The figure went up by 51.2% annually.

Total sales for the three-month period from February through April increased by 27.1% compared to the same time period of last year. Retail trade sales declined by 0.3% on a monthly level but jumped 46.1% on a yearly basis.

Meanwhile, clothing and clothing accessories sales surged 726.8% year-on-year while food services and drinking places grew 116.8%.

Breaking the News / MJ