Retail sales missed.
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Retail sales miss
The latest read on US retail sales.
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Sales rose by 0.4% month-over-month in April, according to the Commerce Department. Economists were expecting a 0.6% increase.
Excluding gas and auto sales, sales rose by 0.3%. This also came in below expectations of economists, who were anticipating an increase of 0.4%.
Gas-station sales were up by 12.3% year-over-year, and nonstore retailers were up 11.9% year-over-year.
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Last month's retail sales were revised up to a 0.1% increase from a 0.2% decrease.
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