U.S. retail spending in April better than forecast

05/14/2008 | CNBC

U.S. consumers shopped more in April than many economists predicted. Excluding cars, sales rose 0.5%, the Commerce Department said. Counting the battered auto industry, overall retail sales dipped 0.2% in April. Robert MacIntosh, chief economist at Eaton Vance in Boston, said the report "tells you the economy is very weak, but if we are in a recession it's going to be a real short one."

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