U.S. April Retail Sales Growth Slows, Signs of Weak Consumer Spending Emerge

According to the Zhidao Finance app, retail sales growth in the United States slowed significantly in April, indicating that consumers reduced their spending on imported goods such as cars, sporting goods, and other categories amid concerns about tariffs causing price increases. Data released by the US Department of Commerce on Thursday showed that retail sales in April increased by only 0.1% month-on-month, revised down from the previous value of 1.7%, but still higher than expected. Retail sales in April (excluding automobiles) increased by 0.1% month-on-month, lower than the expected 0.3%, and revised from the previous value of 0.8%.