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News Link • United States

US 'Green Shoots' Die As Retail Spend Contracts On Auto Sales Slump


Following 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)...

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