US retail sales rose less-than-expected in April. Revenue rose 0.4 percent from the previous month, the Department of Commerce announced in Washington on Tuesday. Bank economists had expected an average increase of 0.8 percent. It was the first increase after two consecutive declines.
Excluding the volatile revenue from car sales, revenue also increased by 0.4 percent. In this consideration, the expectations of analysts were met. Retail sales are taken as a guide to the strength of consumption, which is particularly important for the world’s largest economy. (dpa)
