Retail sales rose by 0.3% in April as consumer spending weakened after an already-soft start to the year. Robust gains in furniture, clothing and non-store retailers were mitigated by a fallback in restaurants and sporting-goods sales. Analysts said that higher gasoline prices limited the benefit of recent tax reform that increased take-home pay for consumers.
Retail sales rose by 0.6% in March as consumer spending rebounded from a soft start to he year—driven by motor-vehicle sales and strength among furniture and non-store retailers. Analysts tied the solid reading to a healthy job market and increased consumer take-home pay (due to the recent tax reform).