Retail Sales Rise; Electronics and Appliances Rise 0.4 Percent
Retail sales in the month of April rose 0.1 percent, according to Department of Commerce data. The performance was ahead of analyst expectations, as well as the numbers in recent months.
The electronics and appliances category posted a seasonally-adjusted increase of 0.8 percent, up from a 0.5 percent drop last month.
Overall retail sales had dropped 0.5 percent the previous month.