High gas prices have not deterred Americans from spending at stores, shopping online, and dining out, retail sales data from the U.S. government showed Thursday.
American spending at retail stores, online shops, and restaurants rose by a solid 0.5 percent in April, the Bureau of Economic Analysis said. That matched the consensus forecast of economists surveyed by business news outlets. Compared with a year ago, spending is up an impressive 4.9 percent.
Spending at gas stations rose sharply due to soaring fuel prices. In April, drivers spent 2.9 percent more at gas stations than March, when spending jumped 13.7 percent from the previous month…
Read the full article at BREITBART.COM
