Did US retail sales continue to grow in April?
US retail sales are expected to have grown last month, in a sign that consumers have not yet been discouraged by stubbornly high levels of inflation.
Economists polled by Reuters forecast that US retail sales rose 0.7 per cent month-on-month in April. Sales excluding motor vehicles and car parts are expected to have climbed 0.3 per cent, after rising 1.1 per cent in March.
Higher prices and consumers’ willingness to spend were probably the main reason for the jump in sales last month, said Oren Klachkin, lead US economist at Oxford Economics.
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