US April Retail Sales Up 0.9% Month-on-Month... 4 Consecutive Months of Growth

[Asia Economy Reporter Minwoo Lee] U.S. retail sales in April increased by 0.9% compared to the previous month.

According to Bloomberg on the 17th (local time), the month-over-month change rate of U.S. retail sales in April was 0.9%. This rose from 0.5% in the previous month and met the market forecast of 0.9%. Since January, the U.S. retail sales change rate has recorded positive growth for four consecutive months.

Retail sales indicate the trend of Americans purchasing goods at stores, online, or consuming at restaurants. The 'retail sales excluding automobiles' month-over-month change rate, released together, was 0.6%, exceeding the expected 0.4%.