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U.S. Retail Sales Cool After Warm-Weather Spree

May 15, 2012

Retail sales rose in April at the slowest pace of the year as Americans took a break from a shopping spree induced by unseasonably warm weather in prior months and an earlier Easter holiday.

The 0.1 percent gain followed a 0.7 percent increase in March, Commerce Department figures showed today in Washington. The April advance matched the median forecast in a Bloomberg News survey. Sales of clothing declined, while purchases excluding cars, building materials and service stations -- the category used to calculate gross domestic product -- rose more than forecast.

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