Retail sales in the U.S. increased by more than expected in the month of April, according to a report released by the Commerce Department. Retail sales climbed by 0.9 percent in April after jumping by an upwardly revised 1.4 percent in March. Excluding a rebound in sales by motor vehicle and parts dealers, retail sales rose by 0.6 percent in April after surging by 2.1 percent in March. Ex-auto sales were expected to edge up by 0.3 percent.Powered by Commodity Insights
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