Retail sales declined in April as Americans try to spend less
May 15, 2019
Retail sales dropped 0.2% in April after a big jump of 1.7% in March, according to the Commerce Department. The retail industry has been unstable since the beginning of the year as it rose at a healthy pace in January, before dropping in February, then rising again in March. Analysts believe that Americans don't feel free to spend their money, despite steady wage increases and more employment. Although the retail sector grew by the widest margin in the last decade in March, the unstable pace it showed in the previous months put the industry behind other major economic growth drivers.