Jump in U.S. retail sales surprises economists

05/13/2013 | Reuters

Most economists expected a 0.3% fall in retail sales last month, after a 0.5% drop in March, but U.S. consumers increased their spending instead. Retail sales increased 0.1% in April, the Commerce Department said. The figure for core sales, which excludes cars, motor fuel and building materials, was up 0.5%.

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