Skip to content
Markets
Economics

US Retail Sales Show Consumer Standing Firm in Face of Inflation

  • Value of purchases climbed 0.9% in April after stronger March
  • Spending gains were broad, potentially helped by credit cards
Shoppers inside the Westfield Sanita Anita shopping mall in Arcadia, California.
Shoppers inside the Westfield Sanita Anita shopping mall in Arcadia, California.Photographer: Bing Guan/Bloomberg
Updated on

US retail sales grew at a solid pace in April, reflecting broad-based gains and suggesting demand for merchandise remains resilient despite rampant inflation.

The value of overall retail purchases increased 0.9%, after an upwardly revised 1.4% gain in March, Commerce Department figures showed Tuesday. Excluding vehicles and gas stations, sales rose 1% last month. The figures aren’t adjusted for inflation.