Retail sales in the U.S. saw a modest increase in the month of April, according to a report released by the Commerce Department on Tuesday, with the increase in sales matching economist estimates.
The report showed that retail sales edged up by 0.1 percent in April following a revised 0.7 percent increase in March. Economists had expected sales to increase by 0.1 percent compared to the 0.8 percent growth originally reported for the previous month.
Excluding a 0.5 percent increase in auto sales, retail sales still rose by 0.1 percent in April compared to a 0.8 percent increase in the previous month.
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