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Americans Cut Back, Hurting Retail Sales

Credit: Wochit
Published on May 15, 2019 - Duration: 00:34s

Americans Cut Back, Hurting Retail Sales

May 2, 2016.

REUTERS/Mike Blake/File Photo WASHINGTON (Reuters) - U.S. retail sales unexpectedly fell in April as households cut back on purchases of motor vehicles and a range of other goods, which could temper expectations for a sharp rebound in consumer spending after it slowed in the first quarter.

The Commerce Department said on Wednesday retail sales slipped 0.2% last month.

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