US retail sales rise in April

Suzie Neuwirth

US RETAIL sales crept up 0.1 per cent in April, a positive sign for the world’s largest economy after a 0.5 per cent decline in March.

Core sales – which excludes cars, petrol and building materials to reflect consumer spending – increased by 0.5 per cent last month.

Analysts had generally expected sales to contract in April.

The unexpected increase follows relatively strong jobs data from the US over the past three months.