Re­tail sales climb at solid pace in April

Albuquerque Journal - - BUSINESS -

WASH­ING­TON — U.S. re­tail sales rose at a solid pace in April, a sign that con­sumers may be re­bound­ing from weak spend­ing ear­lier this year.

Re­tail sales in­creased at a 0.3 per­cent rate in April, the Com­merce De­part­ment said Tues­day, down from a 0.8 per­cent gain in March, which was re­vised higher from 0.6 per­cent. The spend­ing gains were spread across most re­tail cat­e­gories, with es­pe­cially big gains at fur­ni­ture and cloth­ing stores.

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