13 May 2015
US advance retail sales unchanged in April
FXStreet (Mumbai) - The data released by the US commerce department on Wednesday showed the retail sales were little changed in April following an upwardly revised 1.1% growth seen in March. The consensus estimate had called for a reading of 0.2%.
Retail sales ex-Autos growth slowed down to 0.1% from 0.7% in March. The upward revisions to most categories for March were a saving grace for the otherwise disappointing figures for April. The upward revision also indicates consumer spending in the first quarter will be stronger than previously estimated.
Meanwhile, other data showed the import price index in April declined 0.3%, missing the estimate of a 0.3% gain. Year-on-year the import price index fell 10.7%, from 10.5% seen in March.
Retail sales ex-Autos growth slowed down to 0.1% from 0.7% in March. The upward revisions to most categories for March were a saving grace for the otherwise disappointing figures for April. The upward revision also indicates consumer spending in the first quarter will be stronger than previously estimated.
Meanwhile, other data showed the import price index in April declined 0.3%, missing the estimate of a 0.3% gain. Year-on-year the import price index fell 10.7%, from 10.5% seen in March.