U.S. retail sales were unexpectedly flat in April, falling short of Wall Street's expectations. Higher gasoline prices diverted spending away from other goods, indicating that consumer spending is losing momentum. Inflation and elevated interest rates are also contributing factors, curbing consumer spending and making debt more burdensome. Retail sales in April were unchanged from March.
US retail sales unexpectedly flat in April https://t.co/N4pNDZGwTO https://t.co/8cVcGynRtI
Retail sales in April were unchanged from March as inflation continued to sting and elevated interest rates made taking on debt more burdensome. https://t.co/mKVJd5de4B
Retail sales flat in April, falling short of Wall Street's expectations https://t.co/JNHNXXZ3nr by @_JoshSchafer
⚠️ US RETAIL SALES UNEXPECTEDLY FLAT IN APRIL Full Story → https://t.co/tkbUKjSll1 U.S. retail sales were unexpectedly flat in April as higher gasoline prices pulled spending away from other goods, indicating that consumer spending was losing momentum. https://t.co/tpTpVDIWdU
Retail sales were unchanged in April from March as inflation and interest rates curb spending https://t.co/ivcWfEcHjU
Retail Sales "Unchanged" in April https://t.co/BKKxE5taPa https://t.co/vDTRbyJrti