US Retail Sales Rebound in April, But Fall Short of Expectations

Retail sales in the United States increased by 0.4% in April from the previous month, according to the advance estimates released by the Department of Commerce. This marks the first increase in two months, following declines of 0.7% in February and March.[0] However, the figure is below the expected 0.8% increase, and reflects only half of the growth that Wall Street had predicted.[1] Apart from cars, retail sales witnessed an anticipated rise of 0.4%. Core retail sales, which excludes automobiles, are likely to have increased by 0.4% in April, rebounding from a 0.4% drop in March. Although there was an increase in spending last month, only seven out of 13 retail categories experienced a rise in sales. These categories included motor vehicles and parts dealers, garden and home improvement stores, health and personal care stores, and general merchandise stores.[2] The figures are not adjusted for inflation.[2]

0. “US April retail sales +0.4% vs +0.8% expected” ForexLive, 16 May. 2023,

1. “Retail spending rebounded in April”, 16 May. 2023,

2. “US Retail Sales Increase in Sign of Steady Consumer Spending” Yahoo Finance, 16 May. 2023,