US retail sales down again

MoM

Consensus	Actual	Previous
0%	-0.4%	-1.3%

MoM Ex Autos

Consensus	Actual	Previous
0.0%	-0.5%	-1.0%

• Retail sales fell for the second time this month as frugality hits consumers. 
• US retail sales dropped –0.4% after –1.3% in March
• Excluding motor vehicles and parts, sales dipped 0.5% in April. compared to a 1.2% decline the prior month.

"This would deal a considerable blow to the green shoots talk and it's possible that would hit some of the recent optimism in the markets and hurt risk appetite.” – Robert Black (Currency strategist at State street)

Of the retail:

• Vehicles and parts sales rose 0.2% after 2.0% plunge
• Gasoline dropped 2.3% in April after falling 3.2%
• Electronic Goods fell 2.8% vs. 7.8% in March
• Building materials rose 0.3% after falling 0.8%

Source: CNBC