Overall sales held steady from March at a revised $705.2 billion, said the Commerce Department in a report. Analysts expected a 0.4 percent jump, according to Briefing.com.While sales at gas stations were up 3.1 percent from March to April , the broader figure was bogged down by a slump in motor vehicle and parts dealers.From a year ago, retail sales were 3.0 percent higher.
'We expect a softish retail sales report in April, supporting the idea that consumers are starting to tire,' the report added.Cooling, not 'collapsing'Economists have warned that retail numbers are often revised heavily as well.Generally, consumption growth is anticipated to slow further in the second quarter.
Retail Sales Miss Expectations In April
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