Skip to content
Subscriber Only

Consumers Turn Out to Be U.S. Growth Lifeline After All

  • Retail sales climb a more-than-forecast 1.3%, most in a year
  • Michigan sentiment survey shows real income expectations gain
Video player cover image

What Happened to U.S. Retailers?

Updated on

American consumers last month shook off the winter blahs in impressive fashion.

Retail sales climbed in April by the most in 13 months, abruptly ending an early-year letdown in spending that caused a first-quarter downshift in the economy, Commerce Department data showed Friday. The gain was broad-based, with purchases picking up at auto dealers, apparel stores, furniture outlets and online merchants.