A pickup in United States retail sales last month adds to signs of steady consumer spending that will help propel the economy after a first-quarter slowdown, Commerce Department data showed Friday.
On a 12-month smoothed basis, retail sales rose by 4.1%, their smallest increase in eight months.
Retail trade sales were up 0.4% from March 2017, and up 4.5% from previous year.
Americans stepped up their spending at auto dealers, hardware stores and e-commerce outlets as retail sales rebounded from two sluggish months.
Non-store retailers - primarily e-commerce and catalog businesses - saw an 11.9% sales increase over April a year ago, and were up 1.4% from revised March numbers. April retail sales, it explained, were driven by online and other non-store sellers, electronics stores, and building materials and supplies. Sales fell 0.4% at grocery stores and rose 0.4% at restaurants and bars.
U.S. retail and food services sales came in at $474.9 billion in April, an increase of 0.4 percent from March, and 4.5 percent above April 2016, according to the U.S. Census Bureau on Friday.
It was the strongest sales gain in three months, and came with positive revisions to earlier data.
Consumer confidence has soared since the presidential election, but spending hasn't increased as much as the jump in optimism would suggest.
The deceleration in overall growth reflected a sharp slowdown in consumer spending, which accounts for the majority of total economic output.
"As much as we do see some forward pressures on household finances, we also see positives from continued low gas prices, relatively full employment, and some modest gains in wages", Saunders said.
The costs related to the store closures and severance packages was partly responsible for Penney's net loss more than doubling to $180 million, or 58 cents per share, in the quarter ended April 29. Stronger March data than originally reported may help boost U.S. GDP, which showed a 0.7% pace of growth in the government's first estimate. And retailers collectively could report the biggest drop in first-quarter profits since 2009.
Miley sings about a happy relationship in the love song, as well as their ideal setting in sunny Malibu , California. It has been quite some time since we have heard a hit from Miley Cyrus , but the wait is over.
Eight Beta Theta Pi fraternity members face charges of involuntary manslaughter; an additional 10 face lesser charges. Davis said fraternity members had picked him up and taken him to an urgent care facility, but no one ever called 911.
A total of 276 schoolgirls had been abducted from their dormitories on the night of April 14, 2014 from northeastern Chibok town. Five Boko Haram commanders were released in exchange for the girls' freedom, a Nigerian government official said Sunday.
As a result, the Bears' four-year April averaged moved up to 970, which is 31 points higher than it was just three years ago. Four Mountaineers teams - men's basketball, women's basketball, women's soccer and rifle - recorded ideal 1,000 scores.
The Sensitive Index (Sensex) of the BSE, which had closed at 30,248.17 points on Wednesday, opened higher at 30,309.71 points. The BSE Sensex rose more than 1 percent on Thursday to its highest close in a month as stocks of blue chip companies such as.
Hernandez has impressed on loan at Alaves from Atletico Madrid and now looks set to move across the capital. Hernandez's agent, Manuel Garcia Quilon, says that the final decision will lie in the player's own hands.
Gujarat have replaced Brendon McCullum with Dhawal Kulkarni, while Gurkeerat Singh came in for Manan Vohra in the Punjab team. If they were to win, there would be a little more breathing space but a loss would virtually seal all doors to escape.
In 2014, comedian John Oliver in his HBO show owned by Time Warner Inc (TWX.N) helped galvanize support for net neutrality . The FCC is a slow-moving agency, so Pai's announcement merely kicks off a months-long procedure to undo the rules.
Since a low point in May 2016, USA producers have added 387 oil rigs, or about 123 per cent, Goldman Sachs said. Surging US production has raised concern that OPEC and its partners are failing to reduce an oversupply.
Supplementing the Petition is a "Statement of Oversight Board In Connection with PROMESA Title III Petition" (the "Statement"). Puerto Rico estimates it has about $800 million a year available for debt servicing, far below the $3.2 billion now required.
Through the first four games of the series, Fleury had stopped 93.7 per cent of shots, which is bordering on otherworldly. Just two years ago, Kuznetsov's deployment was mostly sheltered to the offensive zone because Trotz didn't trust him yet.
Make sure to check back with us here at AITH this Monday when we will be sharing the new trailer as soon as it hits. Directed by Denis Villeneuve of Arrival fame, the sequel picks up after 30 years of the events in the first movie.
Otto Warmbier , a University of Virginia student, was sentenced to 15 years of hard labor in 2016 for removing a political sign. As the US has no formal diplomatic relations with North Korea, securing their release is extremely hard .
The apex court had earlier even asked the Chief Justice of the Madras High Court not to assign him any judicial work. The advocate showed the notorised papers of authorisation for filing the plea on behalf of the judge to the bench.
He said that since he and Jones have both played in the AL East for years, it is likely that they have had different experiences. He replaced right-hander Kyle Kendrick , who was sent back to the minors after a second short, unproductive start Wednesday.
Others shamed the company for attempting to capitalise on a hunger strike aimed at garnering dignity for Palestinian prisoners. The image was later removed from the Facebook page, though it was still found on the page of at least one local branch.
Cameron Sterling, left, son of Alton Sterling, hugs family members after they spoke to reporters following a meeting with the U.S. Sterling's death was one of a number of killings of black men by white officers that helped fuel the Black Lives Matter movement.
Edmonton's blue line ran with reinforcements as Eric Gryba and Griffin Reinhart replaced Andrej Sekura and Oscar Klefbom. NOTES: Ducks forward Jakob Silfverberg had two assists, extending his playoffs streak of games with a point to five.
Despite being hooked by Oshie, Cullen slid the puck through the five hole for a short-handed goal and a 1-0 Pittsburgh lead. The Capitals made one lineup change, inserting RW Paul Carey on the fourth line and scratching RW Brett Connolly.
While insurers could not deny insurance because of such conditions, they would be allowed to decide how much to charge. Though Ryan defended the House plan, he acknowledged that the Senate version is likely to differ significantly.
Violence ceased later in the day and officials from both sides were due to meet at the frontier, the Pakistani military said. Pakistan forces meanwhile accused Afghan soldiers of crossing over the border and occupying Pakistani soldiers' strongholds.
Lukaku is reportedly keen to leave Everton this summer and United are the latest club said to be interested in making a move. Everton have identified a potential replacement for Romelu Lukaku who is speculated to be leaving the club this summer.