Retail Sales

US Retail Sales rose at a pace of 0.9% MoM in April, in line with the expected pace of 0.9% but slower versus the previous month's 1.4% MoM pace of gain (which had been revised up from 0.7%), data released by the US Census Bureau on Tuesday revealed. YoY, sales were up 8.19% in April from 7.34% in March (which had been upwardly revised from 6.61%). 

US Core Retail Sales rose at a pace of 0.6% MoM in April, higher than the 0.4% expected gain. Core Retail Sales also saw a big positive revision to the March report, with sales now estimated to have risen 2.1% MoM versus the prior estimate of 1.4%. 

The Retail Control rose 1.0% MoM, above the expected gain of 0.5%, while March's gain in the Retail Control group was also revised up to 1.1% from 0.7% previously. 

Source: FXStreet