U.S. retail sales were flat on a sequential basis in April, at $705.2 billion, whereas the market was expecting them to rise slightly.

In March, retail sales had risen by 0.6% (revised from an initial estimate of +0.7%).

The Commerce Department, which publishes these figures, states that excluding the automotive sector (vehicles and equipment), US retail sales rose by 0.2% in April, following a 0.9% increase in March.

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