IPFS News Link • United States
US 'Green Shoots' Die As Retail Spend Contracts On Auto Sales Slump
• https://www.zerohedge.comFollowing March's big surprise improvement, US retail sales growth was expected to slow in April but in fact it collapsed, falling 0.2% MoM in April after rising 1.7% in March
Retail Sales -0.2%, Exp. 0.2%, Last 1.7%
Retail Sales ex auto 0.1%, Exp. 0.7%, Last 1.3%
Year-over-year, both headline and core retail sales slowed in April...
Under the covers...
The weakness was dominated by a collapse in auto sales (and electronics and building materials also fell)...