Thursday, May 10, 2007

Retail Sales in U.S. Probably Slowed in April on Higher Gasoline Prices

(Bloomberg) -- Retail sales in the U.S. probably increased in April at the slowest pace in three months as near- record gasoline prices and falling home values strapped shoppers, economists said before a government report today.

Sales rose 0.4 percent after a 0.7 percent gain the prior month, according to the median estimate in a Bloomberg News survey of 83 economists. Purchases excluding automobiles probably increased 0.5 percent, also less than in March.


Read more at Bloomberg Currencies News

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