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News Wire / economy

US Retail Sales Rise Slower Than Expected

developing Bloomberg Radio Washington 1h59m Impact 5
U.S. retail sales rose at a slower pace in April. This suggests that higher gas prices may have prompted some consumers to reduce spending. Automakers, including Honda, have reportedly lost billions of dollars in the US market.

Topics

retail sales consumer spending gas prices

Developing

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Sources · 7 independent

Bloomberg Radio

“U.S. Retail sales rose at a slower pace in April, suggesting high gas prices prompted some consumers to”

CBC Radio One

“EV sales are still growing, just at a slower pace. But that's not the only factor. Automakers, including Honda, have lost billions of dollars to the U.S.”

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