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Retail trade, April 2023
Retail sales increased 1.1% to $65.9 billion in April. Sales increased in eight of nine subsectors and were led by increases at general merchandise retailers (+3.3%) and food and beverage retailers (+1.5%). Core retail sales—which exclude gasoline stations and fuel vendors and motor vehicle and parts dealers—increased 1.5% in April. In volume terms, retail sales increased 0.3% in April. Core retail sales increased 1.5% in April, posting its fifth consecutive monthly increase. The gain was led by higher sales at general merchandise retailers (+3.3%). Higher sales were also recorded at food and beverage retailers ... (full story)