Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
5/13/2014 10:20:00 AM Write a Letter to the Editor Write a letter to the Editor

Retail Sales Rise 0.1% in April, Following Largest Gain in Four Years

Ron Antonelli/Bloomberg News

Retail sales increased 0.1% in April after the biggest increase in four years, the Commerce Department reported May 13.

Sales excluding automobiles were unchanged after rising a previously reported 1% in March. Sales for that month were revised upward to 1.5%, the biggest since March 2010.

The April increase was below economists’ median estimate of a 0.4 % advance, Bloomberg News reported.

Eight of 13 major retail categories showed gains last month, led by clothing stores and sporting-goods outlets, the Commerce Department report showed.

“Job growth, household wealth gains and improving confidence are going to coalesce in stronger spending in coming months,” Russell Price, senior economist at Ameriprise Financial Inc., told Bloomberg.

By Bloomberg News

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2014, Transport Topics Publishing Group. All rights reserved.



Follow Us


This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.



© American Trucking Associations, Inc., All Rights Reserved Privacy Statement