US retail sales barely rise in April
- U.S. Retail sales excluding autos and gasoline rose 0.72% month over month in April 2025, showing continued growth.
- This growth followed a surge in March as consumers advanced purchases to avoid tariffs imposing higher prices starting in April.
- April gains appeared broad, with increases in eight of nine retail categories, notably digital products, electronics, appliances, and groceries.
- NRF CEO Matthew Shay explained that the increase in spending was largely due to consumers accelerating their purchases to avoid anticipated price increases resulting from upcoming tariffs.
- Despite an announced U.S.-China tariff reduction deal, retailers still face uncertainty about consumer responses to higher prices amid ongoing economic concerns.
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Retail sales peter out in April as tariffs kicked in
After rushing to buy new cars and other imported goods in March before tariffs took effect and raised prices, Americans reduced their spending at retail stores in April in a sign of caution about how the trade wars would play out. Article Attribution | Read More at Article Source The post Retail sales peter out in April as tariffs kicked in appeared first on RocketNews.
Tariffs Slow Retail Spending As Producer Prices Post Sharpest Drop Since 2020 Tariffs Weigh on April Retail Sales as Producer Prices See Sharpest Drop Since 2020 - Invesco DB USD Index Bullish Fund ETF (ARCA:UUP)
U.S. April retail sales slowed to 0.1% as tariffs hit consumer demand, while producer prices fell 0.5% in a surprise contraction.
·New York, United States
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Leaning Left15Leaning Right4Center30Last UpdatedBias Distribution61% Center
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