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Consumer Restraint Weighed on Retail Sales

Wall Street Journal (05/14/14) Jonathan House

U.S. retail activity slowed last month, with sales in April increasing just 0.1% from the previous month to reach $434.6 billion, according to the U.S. Department of Commerce. March had seen the biggest jump in four years, 1.5%, likely due to warming temperatures after unusually harsh weather nationwide in January and February, and retail sales growth has averaged 0.3% during the past five months.