Wednesday morning, the Commerce Department released its report on retail sales in the month of April, showing that sales decreased moderately amid notable decreases in sales by electronics and appliance stories and gas stations.
The report showed that retail sales fell 0.4 percent in April following a revised 1.3 percent decrease in March. Economists had expected sales to come in unchanged compared to the 1.2 percent decrease originally reported for the previous month.
Excluding a 0.2 percent increase in sales by motor vehicle and parts dealers, retail sales fell 0.5 percent in April compared to a 1.2 percent decrease in March. Ex-auto sales had been expected to edge up 0.2 percent.
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