The US retail sales revealed signs of a slowdown in US consumer spending during the month of April.

Retail sales remained flat in April, marking a deceleration from the revised 0.6% month-over-month increase posted in March. Economists had been expecting a 0.4% increase.

When excluding auto and gas sales, retail sales declined by 0.1%. Economists were expecting an increase of 0.2%.

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This post was written by Angel Smith