Newsroom: Industry News
In preliminary figures, the consumer sentiment rebounded in April after pulling back somewhat in the prior two months. Confidence remained high and not far from January’s 13-year record. Indeed, the underlying figures suggest that Americans remain quite upbeat. That message is also being conveyed in the spending data, with retail sales up 5.2 percent over the past 12 months. With that said, retail spending edged slightly lower in March for the second straight month, down 0.2 percent. Softer automotive sales help to explain at least part of this weakness. Excluding motor vehicles and parts, retail sales held steady in March.